Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.
Mississippi 2018 Revenue Lost to Tax Abatement Programs
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Aggregate tax credits, rebates, exemptions, and FILOTs||multiple||$17,495,000|
|Fee in Lieu of Franchise Tax||Job creation/retention; capital investment||$9,450,000|
|Income Tax Exemption Program||Capital investment||$0|
|Investment Tax Credit Program||Capital investment||$0|
|Jobs Tax Credit Program||Job creation/retention||not reported|
|Sales and Use Tax Exemption for Machinery, Tooling, Leases, Repair Parts and Services||Machinery/equipment||not reported|
|Sales and Use Tax Exemption to Establish and Operate the Project||Entrepreneurship||not reported|
|Total Sales and Use Tax Exemptions||Capital investment||$9,259,000|
|Withholding Rebate for Maintaining Existing Jobs||Job creation/retention||$0|
|Withholding Rebate for New Job Creation||Job creation/retention||not reported|
|TABULATED STATE-LEVEL TOTAL||$36,204,000|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Mississippi, the estimated reporting rate is as follows:
Cities/counties: 19 out of 28 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 3 out of 107 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for MS. You can also get a CSV file of the localities in MS that did not make any tax abatement disclosures in their annual financial reports.
Why is there little or no reporting from school districts?: No state oversight.
Local government / school district financial audits are posted here.