• Mississippi's State/Local Tax Burden Equal to National Average
• Mississippi Property Taxes: Comparatively Low
  

• A Right-To-Work Law in the state constitution.
• Foreign Trade Zones.
• No sales tax on purchases of raw materials, processing chemicals, or packaging materials.
• No sales tax on direct purchases of construction materials, machinery, and equipment for businesses that are financed through certain bonds, (including those issued by MBFC) or located in Tier Three counties.
• Partial (50%) sales tax exemptions for purchases of construction materials, machinery and equipment in Tier Two and Tier One counties.
• A sales tax on machinery and parts used directly in manufacturing and on industrial electricity, natural gas, and fuels.
• Favorable unemployment insurance rates and workers compensation rates.
• State-sponsored financing programs for land, building, and new equipment.
• Favorable individual and corporate income tax rates.
• State income tax credits for five years ranging from $500 to $2,000 for each new job created by a new or expanding business.
• Five-year state income tax credits of $1,000 for each new R&D job created.
• Companies establishing or transferring regional or national headquarters to Mississippi may be eligible for five-year state income tax credits of $1,000 for each new job created and full sales tax exemptions for direct purchases of construction materials, machinery, and equipment for the headquarters facility.
• State income tax credits equal to 50% of child/dependent care expenses.
• State income tax credits equal to 50% of basic skills training and job re-training expenses.
• State income tax credits for qualified industries in conjunction with certain bond financing agreements.
• Exemptions from county property taxes, except school taxes.
• Exemptions of property taxes on finished goods through a Free Port Warehouse Law.
• Customized industrial training programs provided through the State Board for Community and Junior Colleges.
• Utility companies offer discounts on telephone and electric rates to eligible companies.
• Quarterly incentive payments through a diversion of withholding taxes for certain qualified businesses.
• Partially exempts manufacturing machinery.
• Partial sales/use tax exemption (tax rate reduced to 1.5% from 7%) on machinery and tools and their replacement parts use exclusively and directly in manufacturing or custom processing; it includes machine parts and component parts

• Existing LLC Act: Yes
• State Income Tax Classification of LLC: Follows federal
• Entity Level Tax on LLC: No
• Tax Form and Filing Available: Form 62-520 due April 15
• Composite Filing Available: No
• Annual Report Required: No

• Jobs Tax Credit for employers in Mississippi who create a designated number of full-time jobs
• National or Regional Headquarters Jobs Credit for Out-of-state businesses that transfer national or regional headquarters to Mississippi, or existing in-state companies that establish national or regional headquarters in the state
• Research and Development Jobs Credit for each new full-time job created which requires research and development skills
• Job Training Tax Credit for manufacturer, which participates in an employer-sponsored retraining program
• Child/Dependent Care Income Tax Credit for employer providing child/dependent care for employees during working hours

• Sales to a Manufacturer
• Raw materials
• Catalysts, chemicals, or gases used directly in processing
• Packaging and containers for sale with finished goods

• To another manufacturer as a raw material for further processing
• To a wholesaler or retailer or resale
• To exempt customers (e.g., government agencies, educational institutions, etc.)

• on purchases of component building materials used in the construction or expansion of a building
• on financing component building materials and machinery and equipment with bond proceeds
• transferring national or regional headquarters to Mississippi
• for in-state existing businesses establishing national or regional headquarters and creating a minimum number of jobs

• exemptions may be granted on all property taxes, except school taxes

Incorporate in Mississippi

Form an LLC in Mississippi