Are You Leaving Money On The Table? Claiming Mississippi Tax Incentives

Mississippi offers manufacturers many tax incentives that enable companies to prosper and grow. But are you taking advantage of all the opportunities you qualify for?

  • Are you importing or exporting cargo through Mississippi ports?
  • Have you invested $1,000,000 or more in manufacturing assets or plant expansions?
  • Have you created new jobs or hired skilled R&D professionals?
  • Have you had any new construction or expansions of existing warehouse or manufacturing facilities?

If you answered yes to any of these questions, you may be leaving money on the table. And, many of these incentives and credits can be claimed retroactively for even greater savings.

The Mississippi Department of Revenue’s 2019 annual report listed over 6,100 manufacturers registered with the state, but noted only 21 were taking advantage of the manufacturing investment tax credit.

HORNE can help you capture all the tax benefits of investment in Mississippi.  From researching the impact of new incentives, to making sure renewal applications are filed for existing ones, we help ensure you continue to compete and thrive.

We offer a complete, no-cost review* to find available incentives not being utilized, and prepare application and renewal forms.

Let’s Connect…

Our State & Local Tax (SALT) team takes pride when Mississippi businesses and industry succeed. Our SALT team can help you take advantage of every available tax benefit.

As the largest Mississippi-based accounting firm, we bring a thorough understanding of the inner workings of state tax code and incentives. We’d love to talk about how we can work together.

* The review and filings are at no-upfront cost.  Client must agree to share a percentage of tax refund or go-forward savings with HORNE.

If you’d like to see if you’re leaving money on the table, give us a call.

READ MORE OF OUR LATEST INSIGHTS

SEE AROUND CORNERS.
INDUSTRY EXPERTISE DELIVERED.

More Insights

From Baby Boomers to Gen Z: Can they actually work well together?

In today’s evolving workplaces, it’s common to see baby boomers to gen z working together in the same company. How can different generations work...

READ MORE

A deeper look at the generations

The workplace is no stranger to diversity, including race, religion and culture. But in the last few years, there has been a significant increase in...

READ MORE

4 ways to build bridges with multiple generations in the workplace

Those in management positions or roles of influence should learn the best ways to connect and manage each generation in a way that encourages a...

READ MORE

Five ways your Due Diligence provider can deliver value

In the course of an acquisition, “due diligence” is often regarded as a built-in part of the process – a formality to be checked off once...

READ MORE

HORNE Board of Directors admits new partner

Chandler Croom, who works in HORNE’s Franchise services group, was admitted as a partner, effective January...

READ MORE

Wes T. Winborne assumes managing partner role in HORNE Construction

Wes T. Winborne has assumed the role of managing partner for HORNE Construction, effective January 1,...

READ MORE

Talk to an expert today.