DEVELOPMENT AUTHORITY

TAXES & INCENTIVES


Local Incentives

Ad Valorem Tax Abatement

Real and personal property within Jones County is subject to a tax levy of 104.74 mills per $1,000 of assessed value. Assessed value is figured at 10% of the actual value of single-family owner-occupied homes and at 15% of actual property value on all other real and personal property.

Mills:
School Mills:
Jones County
50.97
53.77
Laurel
35.65
66.47
Ellisville
37.39
53.77
Sandersville
27.00
53.77
Soso
No City Taxes, Taxes come from County
Data Source: Jones County Tax Assessor’s Office (2011)

 

State Incentives

Jones County works closely with the Mississippi Development Authority (MDA), Mississippi’s lead economic development entity. The MDA Financial Resources Division offers a variety of incentive programs designed to assist in obtaining loans for development and expansion. MDA’s website offers links to a broad range of grant and loan opportunities.

www.mississippi.org – Finance & Tax Information

 

Other Taxation considerations

Corporate Income Tax/Franchise Tax [1]
State
Local
Rate (range)
3% to 5%
Formula (e.g. Sales, Property & Payroll)
Property, Payroll, Sales
Federal Taxes deductible
No
Accelerated Depreciation Permitted (Yes or No)
Yes
[1] stirrell: Mississippi State Tax Commission

 

Personal Income Tax [1]
State
Local
Rate (Range)
Earned Income
3% to 5%
Unearned Income (e.g. Dividend)
3% to 5%
[1] stirrell: Mississippi State Tax Commission

 

 

Machinery & Equipment Subject to Sales/Use Tax
Production
1.50%
Non-Production
7%
Pollution Control
Exempt
Office Furniture/Fixtures/Equipment
7%
Sales/Use Tax (Yes or No) on
Office Building Construction Materials
Industrial Building Construction Materials
Yes
Manufacturers’ Raw Materials
No
Standard Software
Yes
Custom Software
Yes

 

Sales Tax Rate by Utility:
Electric Power
7%, 1.5% or Exempt
Natural Gas
7%, 1.5% or Exempt
Fuel Oil
7%, 1.5% or Exempt
Water
7% or Exempt
Sewer
Not taxable if billed separately
Hazardous Waste Disposal
Not taxable if billed separately

 

Subject to Personal Property Tax
Production Machinery & Equipment
YES
Non-Production Machinery & Equipment
YES
Pollution Control
YES
Inventory
Raw Materials
YES
Work in Progress
YES
Finished Goods
YES
Freeport Legislation
Applicable to Warehousing
YES
Applicable to Manufacturing
YES
Goods Stored in a Public Warehouse
YES
Office Furniture-Fixtures
Computer Equipment
YES
Workstations
YES
Telephones
YES
Furniture
YES
Company Vehicles
YES
Standard Software
NO
Custom Software
NO
Information retrieved from Southern Mississippi Planning and Development website. Accessed October 6, 2011. http://www.smpdd.com/data-center/iedc-data-sets/jones-county-iedc.html