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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateMississippi
Effected JurisdictionMississippi
Jurisdiction type: State
Fiscal year ending In2018
Program nameFee in Lieu of Franchise Tax
Program purpose: Job Creation/Retention
Statutory authority: Section 57-75-5 (f) of Mississippi Code Ann. (1972)
Abating jurisdiction(s): State of Mississippi
Applicable taxesFranchise tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $9,450,000
Reimbursement / offset: $0
Net revenue loss: $9,450,000
Type of loss: Active
Additional notes on dislosure(none)