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Taxes & Incentives


 

Attala County wants your business and aggressively works to provide employment for the citizens of Attala County.

 

Attala County keeps local taxes competitive for businesses in the area and works with the State of Mississippi to ensure companies can operate profitably in Attala County.

 

Two federal programs to assist your business are

Both  provide cost savings to the bottom line of business in Attala County.

 

We would be pleased to discuss a customized incentive package for your company's next relocation or expansion project.

 Summary

  • A Right-To-Work Law in the state constitution

  • Foreign Trade Zones

  • No sales tax on purchases of raw materials, processing chemicals, or packaging materials

  • Partial (50%) sales tax exemptions for purchases of construction materials, machinery and equipment in Leake County

  • A 1 1/2% sales tax on machinery and parts used directly in manufacturing and on industrial electricity, natural gas, and fuels

  • Favorable unemployment insurance rates and workers' compensation rates

  • State-sponsored financing programs for land, building, and new equipment

  • Favorable individual and corporate income tax rates

  • State income tax credits for five years of $500 for each new job created by a new or expanding business, providing 20 or more jobs are created

  • Five-year state income tax credits of $1000 for each new R&D job created

  • Companies establishing or transferring regional or national headquarters to Mississippi may be eligible for five-year state income tax credits of $1000 for each new job created and full sales tax exemptions for direct purchases of construction materials, machinery, and equipment for the headquarters facilities

  • State income tax credits equal to 50% of child/dependent care expenses

  • State income tax credits equal to 50% of basis skills training and job re-training expenses

  • State income tax credits for qualified industries in conjunction with certain bond financing agreements

  • Ten year exemptions from county and city property taxes, except school taxes and road and bridge taxes

  • Perpetual exemptions of all property taxes on finished goods distributed outside of the state through a Free Port Warehouse Law

  • Customized industrial training programs provided through the East Central Mississippi Community College

  • Utility companies offer discounts on telephone and electric rates to eligible companies

  • Quarterly incentive payments through a diversion of withholding taxes for certain qualified businesses

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