35 Miss. Code R. § 10-02-102
Current through May 31, 2024
The amount of the credit is $500.00 for each net new full time employee for the first five (5) years. The amount of the credit is increased to $1,000.00 provided the employee's salary (excluding benefits not subject to Mississippi income tax) is one hundred twenty-five percent (125%) of the average annual wage of the state. If the employee's salary (excluding benefits not subject to Mississippi income tax) is two hundred percent (200%) of the average annual wage of the state, the credit is increased to $2,000.00 for that employee. The average annual wage is the most recently published average annual wage as determined by the Mississippi Department of Employment Security.
35 Miss. Code. R. § 10-02-102