Mississippi Income Tax Credit Summary - Short Version
Extracted from PDF file 2023-mississippi-form-83-401.pdf, last modified November 2023
Income Tax Credit Summary - Short VersionReset Form Form 83-401-23-8-1-000 (Rev. 12/23) Print Form Mississippi Tax Credit Summary Schedule 2023 834012381000 FEIN (*Carryover Not Available) CODE CREDIT 02 03 Premium Retaliatory Finance Company Privilege 05 06 07 08 10 Jobs Tax National or Regional Headquarters 11 12 13 14 15 16 17 18 19 21 22 23 24 25 TAX CREDIT CODES CODE 26 27 28 29 30 Research and Development Skills Employer Child / Dependent Care 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 Wildlife Land Use Prekindergarten Credit Headquarters Relocation Credit 31 32 34 35 36 37 38 39 40 41 42 43 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 44 45 Dependent Care Credit Food Bank Charitable Contribution Credit 50 Bank Share Transitional Home Charitable Contribution Credit Low-Income Health Care Services Charitable Contribution Credit Child Adoption PART I: FRANCHISE TAX CREDITS (CODES 16, 19 AND 50) A B C D CODE CREDIT Historic Structure Rehabilitation (Attach Statement) Long Term Care New Markets Biomass Energy Investment CREDIT EARNED THIS YEAR CREDIT RECEIVED FROM PASSTHROUGH ENTITY *CREDIT CARRYOVER FROM PRIOR YEAR E CREDIT USED THIS YEAR F G CREDIT EXPIRED THIS YEAR 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 THIS YEAR 3 4 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 2023
We last updated the Income Tax Credit Summary - Short Version in February 2024, so this is the latest version of Form 83-401, fully updated for tax year 2023. 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:
|Underestimate of Corporate Income Tax Worksheet
|Corporate NOL Schedule
|Application for Automatic Six Month Extension for Corporate Income & Franchise Tax Return
|Pass Through Entity Tax Return Instructions
|Pass-Through Entity Declaration for Electronic Filing
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 February 2024.
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 twelve 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.