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UNIVERSITY RESEARCH CENTER PUBLISHES ANNUAL TAX EXPENDITURE REPORT

3/6/2020 - Jackson, Miss.

The University Research Center recently released its 30th Annual Tax Expenditure Report, showing the revenue foregone due to provisions in Mississippi’s tax code such as tax deduction, allowances, credits, exemptions, among others. Every four years, beginning in 2016, the report is required by Miss. Code Ann. § 57-13-107 to also include an evaluation of the economic development programs and tax incentives offered by the state.

State Economist Darrin Webb said, “After our 2016 study, Mississippi was recognized nationally as a leader in evaluating tax incentives. In this 2020 study, we build on that comprehensive analysis. We can always improve, but this is a solid piece of research and should be of help to anyone interested in the State’s incentive program.”

The report includes recommendations to consider for improving the incentive programs, including streamlining existing incentive programs, limiting new programs, and conducting thorough, comprehensive feasibility studies prior to awarding incentives.

The University Research Center (URC) conducts applied unbiased research on a variety of state and local issues including revenue estimation, economic impact analysis, socio-economic policy analysis, tax analysis, and economic forecasting for the State of Mississippi.

 

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The Mississippi Board of Trustees of State Institutions of Higher Learning governs the public universities in Mississippi, including Alcorn State University; Delta State University; Jackson State University; Mississippi State University including the Mississippi State University Division of Agriculture, Forestry and Veterinary Medicine; Mississippi University for Women; Mississippi Valley State University; the University of Mississippi including the University of Mississippi Medical Center; and the University of Southern Mississippi.

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