Mississippi R&D Tax Credit: Key Insights for Businesses

Mississippi and the R&D Tax Credit

Although Mississippi does not offer its own state-level R&D tax credit, it is home to a variety of industries that can still benefit significantly from the federal R&D tax credit. The state’s diverse sectors, such as aerospace, manufacturing, agriculture, and biotechnology, are all engaged in innovative processes and technologies that qualify for federal research and development incentives. Companies in these industries can leverage the federal R&D tax credit to offset some of their expenses related to research, product development, and technological advancements, thus driving growth and competitiveness in both local and global markets.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 296 Beauvoir Rd, Biloxi, Mississippi provides R&D tax credit consulting and advisory services to Jackson, Gulfport, Southaven, Hattiesburg, Biloxi, Meridian, Tupelo, Greenville, Olive Branch and Horn Lake.

If you have any questions or need further assistance, please call or email our local Mississippi Partner on (601) 345-4332.
Feel free to book a quick teleconference with one of our Mississippi R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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R&D Tax Credit Training for MS CPAs

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R&D Tax Credit Training for MS CFPs

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R&D Tax Credit Training for MS SMBs

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Mississippi Patent of the Year – 2024/2025

Forest Concepts LLC has been awarded the 2024/2025 Patent of the Year for their innovation in sustainable energy. Their invention, detailed in U.S. Patent No. 7987777, titled ‘Engineered tall grass biomass baling system’, introduces a precision-engineered approach to compressing tall grass feedstocks like switchgrass into high-density, transport-optimized bales.

The patented system addresses a critical challenge in bioenergy logistics: efficiently transporting bulky, low-density biomass. By applying precise compression forces, the system achieves optimal bale densities, reducing transportation costs and fossil fuel consumption. This advancement is particularly significant for renewable energy initiatives relying on tall grass biomass.

Forest Concepts LLC’s innovative baling system represents a significant step forward in sustainable energy infrastructure. By enhancing the efficiency of biomass transportation, this technology supports the broader adoption of renewable energy sources, contributing to a more sustainable and energy-efficient future.