Mississippi § 57-100-1 - Definitions.
Full text of Mississippi Mississippi Code of 1972 Annotated § 57-100-1 — Definitions., with citation guidance and answers to common questions.
§ 57-100-1. Definitions.
As used in this chapter, the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise: “Qualified business or industry” means a manufacturing enterprise that has been operating in this state for not less than two (2) consecutive years that meets minimum criteria established by the Mississippi Development Authority. “Qualified job” means a full-time job in this state: At the location of a qualified business or industry that has qualified to receive an incentive payment pursuant to this chapter; Which did not exist in this state before the date of approval by the MDA of the application of the qualified business or industry pursuant to the provisions of this chapter; and The average annual salary of which is at least one hundred percent (100%) of the state or county average annual wage, whichever is the lesser. “Full-time employment” means a job of at least thirty-five (35) hours per week. “Rebate amount” means the amount of Mississippi income taxes withheld from employees in qualified jobs that is available for rebate to the qualified business or industry, provided that: Except as otherwise provided in this paragraph (d), the rebate amount shall be three and one-half percent (3-1/2%) of the wages and taxable benefits for qualified jobs; and In no event shall incentive payments exceed the actual Mississippi income taxes withheld from employees in qualified jobs that are available for rebate to the qualified business or industry. “MDA” means the Mississippi Development Authority.
Frequently Asked Questions About Mississippi § 57-100-1
What does Mississippi Code of 1972 Annotated § 57-100-1 cover?
Section 57-100-1 ("Definitions.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 57-100-1?
A common citation format is "Mississippi Code of 1972 Annotated § 57-100-1" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 57-100-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.