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Mississippi Income Tax Credit Summary - Short Version
Extracted from PDF file 2024-mississippi-form-83-401.pdf, last modified August 2024Income Tax Credit Summary - Short Version
Reset Form Form 83-401-24-8-1-000 (Rev. 10/24) Print Form Mississippi Tax Credit Summary Schedule 2024 834012481000 FEIN (*Carryover Not Available) CODE CREDIT 24 Premium Retaliatory Finance Company Privilege Jobs Tax National or Regional Headquarters Research and Development Skills Employer Child / Dependent Care Basic Skills Training or Retraining Reforestation Gambling License Fee Financial Institution Jobs Mississippi Revenue Bond Service Ad Valorem Inventory Export Port Charges Insurance Guaranty Import Credit Land Donation Broadband Technology Brownfield Credit Airport Cargo Charges Manufacturing Investment Tax Credit Alternative Energy Jobs 25 Child Adoption 02 03 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 21 22 23 TAX CREDIT CODES CODE 26 27 28 29 30 Historic Structure Rehabilitation (Attach Statement) Long Term Care New Markets Biomass Energy Investment Wildlife Land Use 31 32 34 Prekindergarten Credit Headquarters Relocation Credit 35 36 37 38 39 40 41 42 43 44 45 50 60 PART I: FRANCHISE TAX CREDITS (CODES 16, 19 AND 50) A B C D CODE CREDIT EARNED THIS YEAR CREDIT RECEIVED FROM PASSTHROUGH ENTITY CREDIT *CREDIT CARRYOVER FROM PRIOR YEAR Qualifying Charitable Contribution Credit Approved by DOR Qualifying Foster Care Charitable Credit Approved by DOR Business Contributions to Eligible Charitable Organizations Endowment Fund Charitable Credit Inland Water Transportation Pregnancy Resource Charitable Contribution Credit Railroad Infrastructure Tax Credit Blood Donation Transitional Home Charitable Contribution Credit Low-Income Health Care Services Charitable Contribution Credit Dependent Care Credit Food Bank Charitable Contribution Credit Bank Share Mississippi Flexible Tax Incentive Act (MFLEX) E F CREDIT USED THIS YEAR CREDIT EXPIRED OR ALLOCATED THIS YEAR G 1 Total franchise tax credit used this year (total column E; enter on Form 83-105, page 1, line 3) 1 2 Total franchise tax credit available for next year (total amounts in column G) 2 CREDIT CARRYOVER AVAILABLE FOR NEXT YEAR (B+C+D-E-F) PART II: INCOME TAX CREDITS A CODE 3 4 5 B CREDIT EARNED THIS YEAR C CREDIT RECEIVED FROM PASSTHROUGH ENTITY D *CREDIT CARRYOVER FROM PRIOR YEAR E CREDIT USED THIS YEAR Total income tax credit used this year (total column E; enter on Form 83-105, page 1, line 7 or Form 83-391, page 1, line 4 or Form 83-310, column B, line 5; if more than three income tax credits taken, see instructions, Form 83-100) Total income tax credit available for next year (total amounts in column G) If code 36, 39, 42, 43, or 45 is selected, enter the name of charitable organization (attach statement if needed) F CREDIT EXPIRED OR ALLOCATED THIS YEAR 3 4 G CREDIT CARRYOVER AVAILABLE FOR NEXT YEAR (B+C+D-E-F)
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More about the Mississippi Form 83-401 Corporate Income Tax Tax Credit TY 2024
We last updated the Income Tax Credit Summary - Short Version in March 2025, so this is the latest version of Form 83-401, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 83-401 directly from TaxFormFinder. You can print other Mississippi tax forms here.
Other Mississippi Corporate Income Tax Forms:
TaxFormFinder has an additional 36 Mississippi income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 84-300 | Pass-Through Entity Income Tax Voucher |
| Form 83-305 | Underestimate of Corporate Income Tax Worksheet |
| Form 84-132 | Schedule K-1 (Pass Through) |
| Form 81-110 | Fiduciary Return |
| Form 81-132 | Fiduciary Schedule K-1 |
View all 37 Mississippi Income Tax Forms
Form Sources:
Mississippi usually releases forms for the current tax year between January and April. We last updated Mississippi Form 83-401 from the Department of Revenue in March 2025.
Form 83-401 is a Mississippi Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Mississippi Form 83-401
We have a total of thirteen past-year versions of Form 83-401 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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