Greater Jackson Alliance
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111 Capitol Building
Greater Jackson Industrial Center
D’lo
Jackson Convention Center
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Waterfall
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Clinton Business Park
Plants
Junior Achievement
South Pointe
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5630 I-55 Building
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Echelon Business Park
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Corporate Franchise Tax


Most corporations engaged in business in Mississippi are subject to franchise tax, as levied in Sections 27-13-5 and 27-13-7 of the Mississippi Code. Franchise tax is a tax that is assessed on the company’s capital value. The capital value for the corporation is calculated based on:

  • Capital stock issued and outstanding; and
  • Paid-in Capital, Surplus, and Retained Earnings, including deferred taxes, deferred gains, deferred income, contingent liabilities, and other true reserves.

For multi-state corporations, capital is pro-rated and applied to the corporation’s total capital value to calculate the amount of capital to be apportioned to Mississippi. The apportioned capital is then multiplied by the franchise tax rate to determine the Mississippi franchise tax liability.

The franchise tax rate is $2.50 per $1,000 of Mississippi capital.


Credits to Mississippi Franchise Tax

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September 8, 2017
Baptist Memorial Health Care opening a 250 employee business office in downtown Jackson

Baptist Memorial Health Care announced Thursday plans to establish a regional business office in the Regions Plaza building in downtown Jackson.

Baptist will lease four floors at 210 E. Capitol St. occupying a total of 41,000 square feet of space that will house 250 employees.
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July 19, 2017
Multicraft International celebrates New Division Opening - Creates 50 Jobs

Officials from Multicraft International, state and local leaders recently celebrated the grand opening of the company's new division, Multicraft Ventures, LLC, in Pelahatchie. The project is a $2 million corporate investment and creates 50 jobs.

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July 17, 2017
Global Automotive Supplier Calsonic Kansei Expands in Madison

Gov. Phil Bryant and officials from global automotive supplier Calsonic Kansei announced the company’s expansion in Madison. The $16.33 million corporate investment creates 98 new jobs.

“Mississippi’s outstanding reputation in the automotive industry is known worldwide,” Gov. Bryant said. “Calsonic Kansei’s addition of so many new jobs in Madison once again puts our state on the global stage. The expansion proves we have the workforce and business climate to ensure industry leaders like Calsonic enjoy years of success in Mississippi.”
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