|
Renewal Community
Is Your Business Saving Money by taking advantage of Mississippi tax credits???
Mississippi's Renewal Community (RC) designation could save businesses thousands of dollars. This designation, which began January 1, 2002 and continues through December 31, 2009, allows qualified businesses to receive valuable Federal tax credits that can provide businesses with immediate tax relief.
Mississippi's designated RC area consists of 13 counties and 31 municipalities located throughout the central portion of the state. Both new industry and existing businesses are able to take advantage of the tax incentives available through the RC Program. There is no cost associated with participating in the Renewal Community Program.
Tax Incentives
Valuable tax incentives available under the program include:
Wage Credits
Increased Section 179 Deductions
Commercial Revitalization Deductions
Capital Gains Exclusion
Work Opportunity Tax Credit (WOTC)
Welfare-to-Work Credit (WtW)
For more information on Mississippi’s Renewal Community Designation visit www.msrenewal.org.
Revised:December, 2007 |
DEPARTMENTS
-
-
-
-
-
-
-
-
- |
-
-
|
|