Choctaw and Webster counties are home to the lowest ad valorem tax rates in the State of Mississippi. Doing business in The Enterprise will be give you an immediate competitive edge.
Mississippi offers businesses locating or expanding in the state a number of tax incentives, including state income tax credits and sales, use and property tax exemptions. To learn more about corporate taxes in MS, you may download a PDF summary of the state’s tax structure here.
In addition, the Tennessee Valley Authority offers competitive utility rates (10-20% savings annually over a five-year period) to industrial tenants.
The state of Mississippi also offers the following incentives for companies:
Income Tax Incentives
- Jobs Tax Credit
- Rural Economic Development Income Tax Credit
- Manufacturing Investment Tax Credit
- Income Tax Exemption for Businesses in Growth and Prosperity (GAP) Areas
- Income Tax Exemption for Aerospace Businesses
- Income Tax Exemption for Clean Energy Businesses
- National or Regional Headquarters Tax Credits
- Income Tax Credit Equal to Actual Relocations Cost
For a full list of income tax incentives available to businesses in Mississippi, visit here.
Sales & Use Tax Exemptions
- For Construction or Expansion
- For Bond Financing
- For Businesses in GAP Areas
- For Headquarters
- For Aerospace Businesses
- For Clean Energy Businesses
- For Data Center Enterprises
Franchise Tax Incentives
Property Tax Incentives
- Standard Property Tax Exemptions
- Ad Valorem Exemption for Businesses in GAP Areas
- Free Port Warehouse Exemption
Advantage Jobs Rebate Program
Many businesses creating new jobs in Mississippi are eligible to receive a cash rebate equal to a percentage of their Mississippi payroll through the Advantage Jobs program. This rebate is available for up to 10 years. The average wage of all new jobs created must meet the program’s minimum average wage requirements. To view a list of average annual salaries in Mississippi, go here.