Rebate Payments

Rebate Payments. After the company has remained in compliance for four consecutive quarters, rebate payments will begin. The amount of rebate paid is calculated by multiplying the amount placed in the fund by: A. 90% if the annual average wage is at least 175% of the county or state wage, whichever is less; B. 80% if the annual average wage is at least 125% and less than 175% of the county or state wage, whichever is less; or C. 70% if the annual average wage is less than 125% of the county or state wage, whichever is less. If the business or industry does not maintain jobs and salary requirements at any point after the date the first rebate payment is made, incentive payments will stop and will not resume until all requirements are again met or exceeded for one calendar quarter, to the satisfaction of the Mississippi State Tax Commission.