Mississippi Income Tax Credit Summary - Short Version
Extracted from PDF file 2019-mississippi-form-83-401.pdf, last modified October 2019
Income Tax Credit Summary - Short VersionReset Form Form 83-401-19-8-1-000 (Rev. 10/19) Mississippi Print Form Tax Credit Summary Schedule 2019 834011981000 FEIN (*Carryover Not Available) TAX CREDIT CODES CREDIT CODE 23 CREDIT Manufacturer's Investment Tax Credit CODE * 02 Premium Retaliatory * 03 Finance Company Privilege 24 Alternative Energy Jobs 05 Jobs Tax 25 06 07 National or Regional Headquarters Research and Development Skills 26 Child Adoption Historic Structure Rehabilitation (Attach Statement) 08 09 Employer Child / Dependent Care Basic Skills Training or Retraining (Repealed July 1, 2016) Check if requesting refund in lieu of 10-year carryforward * 27 28 Long Term Care New Markets 10 * 11 Reforestation Gambling License Fee 29 30 Biomass Energy Investment Wildlife Land Use * 12 Financial Institution Jobs 31 Prekindergarten Credit 13 14 Mississippi Revenue Bond Service Ad Valorem Inventory 32 33 Headquarters Relocation Credit Veteran Employee Credit 15 Export Port Charges 34 Charitable Contribution Credit 16 17 Insurance Guaranty Import Credit 35 36 Foster Care Charitable Credit Business Contributions to Eligible Charitable Organizations 18 19 21 Land Donation Broadband Technology Brownfield Credit 22 Airport Cargo Charges 37 38 * 50 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 CARRYOVER FROM PRIOR YEAR Endowment Fund Charitable Credit Inland Water Transportation Bank Share E F CREDIT USED THIS YEAR CREDIT EXPIRED THIS YEAR 1 Total franchise tax credit used this year (total column E; enter on Form 83-105, page 1, line 3) 2 Total franchise tax credit available for next year (total amounts in column G) G CREDIT CARRYOVER AVAILABLE FOR NEXT YEAR (B+C+D-E-F) 1 2 PART II: INCOME TAX CREDITS A CODE 3 B CREDIT EARNED THIS YEAR C CREDIT RECEIVED FROM PASSTHROUGH ENTITY D *CREDIT CARRYOVER FROM PRIOR YEAR E CREDIT USED THIS YEAR F CREDIT EXPIRED 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) 3 4 Total income tax credit available for next year (total amounts in column G) 4 5 If code 36 and 37 is selected, enter the name of charitable organization here (attach statement if needed) G CREDIT CARRYOVER AVAILABLE FOR NEXT YEAR (B+C+D-E-F)
More about the Mississippi Form 83-401 Corporate Income Tax Tax Credit TY 2019
We last updated the Income Tax Credit Summary - Short Version in March 2020, so this is the latest version of Form 83-401, fully updated for tax year 2019. 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:
|Form Code||Form Name|
|Form 83-180||Application for Automatic Six Month Extension for Corporate Income & Franchise Tax Return|
|Form 84-105||Pass Through Entity Tax Return|
|Form 81-110||Fiduciary Return|
|Form 84-131||Schedule K|
|Form 84-110||S Corporation Income and Franchise Tax Schedule|
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 2020.
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 eight 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:
While we do our best to keep our list of Mississippi Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.