Miss. Code Ann. § 57-99-21

As used in Sections 57-99-21 through 57-99-29 , the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise: (a) “ Qualified business or industry ” means any enterprise which is a project that has been certified by the Mississippi Major Economic Impact Authority (MMEIA) as a project defined in Section 57-75-5(f)(xxiv) . (b) “ Qualified job ” means full-time employment at the location of the manufacturing plant in this state of a qualified business or industry that has qualified to receive an incentive payment pursuant to Sections 57-99-21 through 57-99-29 , which employment existed in this state at the location of the manufacturing plant on July 1, 2009. (c) “ Full-time employment ” means a job of at least thirty-five (35) hours per week. (d) “ Rebate amount ” means the amount of Mississippi income taxes withheld from employees in qualified jobs that is available for rebate to the qualified business or industry, provided that: (i) Except as otherwise provided in this paragraph (d), the rebate amount shall be one percent (1%) of the wages and taxable benefits for qualified jobs; (ii) In no event shall incentive payments exceed the actual Mississippi income taxes withheld from employees in qualified jobs that are available for rebate to the qualified business or industry; and (iii) In no event shall the aggregate amount of incentive payments authorized under Sections 57-99-21 through 57-99-29 exceed Six Million Dollars ($ 6,000,000.00). (e) “ MDA ” means the Mississippi Development Authority.