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Mississippi 2019 Revenue Lost to Tax Abatement Programs
Population in 2019 : not available
Concerned about the lack of disclosure? We have created institutional schematics for the implementation of GASB Statement No. 77 on Tax Abatement Disclosures in the 50 states and DC: Learn who's in charge of compliance in our ROADMAP PROJECT. 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.
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Fee in Lieu of Franchise Tax||Capital investment||$20,495,000|
|Income Tax Exemption||Capital investment||$0|
|Investment Tax Credit||Capital investment||$0|
|Jobs Tax Credit||Job creation||$0|
|Sales and Use Tax Exemptions||Capital investment||$10,753,000|
|Withholding Rebate for Maintaining Existing Jobs||Job retention||not reported|
|Withholding Rebate for New Job Creation||Job creation||$0|
|TABULATED STATE-LEVEL TOTAL||$31,248,000|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
|Reporting Jurisdiction||Jurisdiction Type||Gross Revenue Loss|
|Lamar County School District||School district||$0|
|Lawndes County School District||School district||$0|
|Lee County School District||School district||$0|
|TABULATED LOCALITY AND DISTRICT TOTAL||$484,498|
Local government reporting rate
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: 0 out of 111 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.