Harrison County Development Commision | 12281 Intraplex Parkway | Gulfport, MS 39503 | 228.896.5020 (Ph) | 228.896.6020 (Fx) | hcdc@mscoast.org
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Home : Site Selection : Taxes & Incentives : Local & State Taxes

Local & State Taxes

All businesses in Mississippi are subject to state taxes.

TAX TAX RATE EXEMPTION(S) AVAILABLE

State Income Tax

(No County Income Tax)

(No Municipal Income Tax)

1st $5,000 – 3%

2nd $5,000 – 4%

Over $10,000 – 5%

  • Broadband Technology Tax Credits
  • Child/Dependent Care Income Tax Credit
  • Equity Investment Tax Credits (New Markets)
  • Existing Manufacturer’s Investment Tax Credit
  • Jobs Tax Credit
  • National or Regional Headquarters Jobs Credit
  • Rural Economic Development Tax Credits on Industrial Revenue Bonds
  • Skills Training Tax Credit
  • Income Tax Exemption for Business Growth & Prosperity Areas (GAP)

Personal Income Tax

1st $5,000 – 3%

2nd $5,000 – 4%

Over $10,000 – 5%

Individuals are allowed personal exemptions

Corporate Franchise Tax

$2.50 per $1,000 capital invested in state

  • Broadband Technology Tax Credits
  • Franchise Tax Exemption for Businesses in Growth & Prosperity Areas (GAP)

Corporate Charter Fee

$50

No

Excise Tax

Gasoline & Diesel

(Highway use): $.18/gal

Non Hwy use: 5 ¾ cent/gal

No

Oil & Gas Severance Tax

Point of Production:

6% in ground: Exempt

No

County Property Tax

Mfg. includes: Real, Personal & Inventory

(No State Property Tax)

Most Property – 15%

Residential – 10%

Utilities – 30%

Motor Vehicles – 30%

Fair Mkt. value

Counties & Municipalities:

  • May grant exemption on property taxes except school taxes for a period up to 10 years
  • May levy a fee in lieu of taxes on projects more than $100 million
  • Free Port Warehouse exempts inventory shipped outside the state
  • May grant exemption on property taxes for Business in growth & Prosperity Areas (GAP)
  • May grant exemption for in state inventory investment remaining in MS
  • May grant exemption on property taxes for Industrial Revenue Bond Financing

Unemployment Compensation

(Employer makes contribution on each employee’s wages)

Initial $7,000 – 2.7%

Min rate – .9%

Max rate – 5.4%

Vary year to year

No

Worker’s Compensation

(Employers with 5 or more employees must purchase or self-insure)

Up to 2/3 of claimant’s average weekly wages up to 450 weeks. Amts indexed on annual basis.

Does not include medical payments.

No

TAX

TAX RATE

EXEMPTION(S) AVAILABLE

State Sales & Use Tax

(General Retail Sales)

7%

Sales to a Manufacturer:

  • Raw materials (except sand & gravel, 5 cents/ton)  0.0%
  • Catalysts, chemicals, or gases used directly in processing (except natural gas 1.5%) 0.0%
  • Packaging and containers for sale with finished goods 0.0%
  • Industrial electricity, natural gas, & fuels 1.5%
  • Industrial water 7.0%
  • Telephone & telegraph 7.0%
  • All other equipment, furniture, fixtures, materials, supplies, and rentals not used in mfg. 7.0%

Pollution Control Equipment

  • Exempt from this tax Sales by a mfg
  • To a final consumer 7.0%
  • To another mfg as a raw material for further processing 0.0%
  • To a wholesaler or retailer for resale 0.0%
  • To exempt customers  (gov’t agencies, educational institutions, etc.) 0.0%

Bond Finance Program*

  • Full exemption to qualified businesses which finance building materials, machinery and equipment with bond proceeds

National or Regional Headquarters*

  • Full exemption to qualified businesses transferring national or regional headquarters to MS and creating a minimum of thirty-five jobs

Tier 3 counties*

  • Full exemption to mfg & processors on purchase of building materials used in construction of a building and on qualified machinery & equipment

Tier 2 & 1 counties*

  • On-half exemption to mfg & processors on purchase of building materials used in construction of a building and on qualified machinery & equipment

*Exemption does not apply to contractor’s 3.5% tax


Harrison County News

August 9, 2016 : Seemann Composites, Inc. Expanding In Gulfport

February 8, 2016 : TopShip LLC bringing 1000 jobs to Harrison County

Publications

Salute to the Military 2016

Salute to the Military 2015


Business Testimonials

Gary Chouest, CEO
Edison Chouest Offhsore


“As we have already learned in the operation of our Gulf Ship facility, the Gulfport region will provide us access to a quality workforce. We appreciate the cooperation and support of the local officials who are providing a business friendly environment to grow our company.”


Innovation Center MGC Retiree Partnership Naval Construction Battalion Center Gulfport Joint Land Use Study Keesler Air Force Base Joint Land Use Study
Harrison County Development Commission
12281 Intraplex Parkway | Gulfport, MS 39503 | 228.896.5020 (Ph) | 228.896.6020 (Fx) | .(JavaScript must be enabled to view this email address)

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