Form 83-450-12-8-1-000 - Mississippi New Jobs Credit Page 2

Download a blank fillable Form 83-450-12-8-1-000 - Mississippi New Jobs Credit in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 83-450-12-8-1-000 - Mississippi New Jobs Credit with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Mississippi

Form 83-450-12-8-2-000 (Rev. 05/12)

New Jobs Credit

Page 2

Name of Entity

FEIN

__ __

__ __ __ __ __ __ __

(Continued from page 1)

______

_______

Computation of

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

Eligible Credit

7. Average Increase in Full-Time

Employees

(From Page 1, Line 6)

8. Year 1 Increase (Line 7)

9. Year 2 Increase (Line 7)

10. Year 3 Increase (Line 7)

11. Year 4 Increase (Line 7

12. Year 5 Increase (Line 7)

13. Year 6 Increase (Line 7)

14. Year 7 Increase (Line 7)

15. Year 8 Increase (Line 7)

16. Year 9 Increase (Line 7)

17. Number of New Jobs Eligible for

Credit (Add Lines 8 through 16)

18. Number of New Jobs Eligible for Dollar Amount of

Credit per Employee

19. Dollar Amount of Credit Per Employee

Note: If Short Period. See Instructions Below

20. Eligible Credit for Dollar Amount Per Job

(Multiply Line 18 by Line 19)

21. Number of New Jobs Eligible for Percentage of Payroll

Credit (From Page 1, Line 6a) - Note See Instructions below

22. Amount of Payroll for New Jobs (From Line 21)

23. Percentage of Payroll for New Jobs in County Tier

24. Eligible Credit for Percentage of Payroll

(Multiply Line 22 by Line 23)

25. Total Eligible Jobs Credit (From Lines 20 and 24)

Enter also on form 83-401

A current year decrease in employment (Line 7) will reduce Number of New Jobs Eligible for Credit (Line 17) for the current year. This is in contrast to an increase of employment in which

the increase is delayed a year. A qualifying level of increase of employment must be in a single reporting period. An employer may not combine two or more periods of increases in employment

to qualify for a certain level of employment. A period is assumed to be a full fiscal or calender year. For additional information, see Title 35, Part X, Chapter 01 of the Mississippi Administrative

Code for Limitations.

Short period Return:

Credit must be prorated by multiplying the credit per employee by the number of months in the short period, and then divide by 12. Credit for jobs created is valid

for 60 months. Any remaining months caused by a short period may be carried into the sixth period.

Percentage of Payroll: Effective January 1, 2005, the calculation of the credit was changed to a percentage of payroll for the new jobs instead of a dollar credit per job. Use the percentage

of payroll for all newly created jobs based on the qualifying increase on or after January 1, 2005. Attach a schedule listing new full-time jobs created (title, date

created and payroll amount for each year).

Attach this form, along with the Income Tax Credit Summary (Form 83-401), to your return.