Mississippi

Information on the R&D Tax Credit:

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Information on the R&D Tax Credit: 

The R&D credit is generated from qualified research activities (QRAs) performed within the state. Qualifying activities are defined in Section 41 of the Internal Revenue Code as “a new or improved function, performance, or reliability or quality.”

Process improvement activities include:

  • Identifying uncertainty concerning the development or improvement of a business component;
  • Identifying one or more alternatives intended to eliminate that uncertainty; and
  • Identifying and conducting a process of evaluating the alternatives (e.g., through modeling, simulation, or a systematic trial-and-error methodology).

The R&D Tax Credit is a credit that is available across various industries, such as:

  • Agriculture
  • Automotive
  • Aviation
  • Biotechnology
  • Engineering
  • Farming
  • Food and Beverage
  • Logistics
  • Manufacturing
  • Oil and Gas
  • Software
  • Transportation

The state of Mississippi does not offer a state research credit at the present time, however, please click here to find out if you qualify for the federal research credit.


Jackson, Mississippi

DISCOVERING NEW TECHNOLOGY IS REQUIRED TO REMAIN COMPETITIVE Without investment in research and development there is no way technology firms will be able to stay competitive and survive as a [...]

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Why Swanson Reed

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Are You Eligible?

Take our eligibility wizard to find out if you qualify for a tax credit.

Calculate Your Benefit

Use our quick calculator to determine your R&D tax credit benefit.

Know Your Deadline

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For Accountants

 Take advantage of our extensive database of videos, case law and recent news.

Industry Case Studies

 Find out the qualifying R&D activities specific to your industry.


Contact Us


Contact your local Swanson Reed office to speak with a representative in your area today. 
Swanson Reed

460 Briarwood Dr
Suite 400
Jackson, MS 39206

 
T: 601-345-4332
F: 512-256-8157