HB 952 Mississippi House · 2025 Regular Session

Income tax; extend repealer on credit for certain costs paid by a company in relocating national or regional headquarters to MS.

HB 952 extends the expiration date of a Mississippi income tax credit for companies relocating their national or regional headquarters to the state from outside Mississippi. The bill amends Section 57-73-21 to delay the repealer (automatic expiration) of this credit, which currently allows qualifying businesses to receive tax credits based on new job creation. It directly affects companies moving headquarters to Mississippi, maintaining the existing credit structure without changing the dollar amounts or eligibility rules. The extension ensures the credit program remains available for businesses planning relocations or expansions under the current framework. The bill was passed by the House but died in committee on March 4, 2025.

Issues: ✓ Budget & Taxes

Bill status died 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Feb 2025

House Passage

Feb 2025

Senate Passage

Governor

Introduced Feb 12, 2025 Last action Mar 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Current version · 8 edits

MODERATE

This bill significantly rewrites Mississippi's job tax credit program by shifting administration from the Tax Commission to the Department of Revenue, changing credit amounts from fixed dollar amounts to payroll percentages for most categories, and adding new provisions for headquarters relocation incentives. The changes modernize the program to better support economic development while maintaining tiered incentives based on county economic conditions.

Scope change

The bill expands eligibility by adding specific headquarters relocation credits and clarifying definitions for telecommunications and warehousing activities, while restricting eligibility for hazardous waste companies.

ADMINISTRATION

Authority to administer and designate counties for tax credits shifted from the State Tax Commission to the Department of Revenue

FISCAL

Credit amounts for Tier Three, Tier Two, and Tier One counties changed from fixed dollar amounts ($2,000, $1,000, $500) to payroll percentages (10%, 5%, 2.5%)

ELIGIBILITY

New headquarters relocation credits added, allowing companies relocating from outside Mississippi to receive actual relocation costs as tax credits

Minimum job thresholds for headquarters relocation credits lowered from 35 jobs to 20 jobs

DEFINITION

New definitions added for 'warehousing activities' and expanded telecommunications enterprise definition to include modern digital services

REQUIREMENT

New requirement added requiring companies to certify compliance with federal equal pay and civil rights employment laws

EXEMPTIONS

Explicit exclusions added for medical cannabis establishments and hazardous waste companies from receiving tax credits

TIMELINE

Effective date changed to July 1, 2025, and repealer date for headquarters relocation provisions extended to July 1, 2028

Floor votes · House Feb 11, 2025

How they voted

112–0

Passed · 7 other

Total votes 119

Feb 11, 2025

D Democratic39

37 Yea 2

94% Yea

I Independent2

2 Yea

100% Yea

R Republican78

73 Yea 5

93% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 17, 2025

Committee

Referred To Finance

upper

Feb 12, 2025

Introduced

Transmitted To Senate

lower

Feb 11, 2025

Lower · Passed

Passed

lower

Jan 28, 2025

Lower · Passed

Title Suff Do Pass

lower

Jan 17, 2025

Committee

Referred To Ways and Means

lower

1 primary · 0 co-sponsors