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7.	INTERNAL INDUSTRIAL DEVELOPMENT
Mississippi's new "Internal Development Act” provides that market studies will be made in the state to determine what products can be profitably manufactured in Mississippi. Further provisions are made enabling local capital to finance engineering studies and operating data for new industries.
3.	WAREHOUSING AND DISTRIBUTION
Manufactured products stillin tha hands of the manufacturer or in the warehouses are exemptfromad valorem taxes. Furthermore, Mississippi's new "Freeport Bill" exempts personal property and transit through Mississippi from all ad valorem taxes. Such property shall not be deprived from its exemption while located in Mississippi even though it is assembled, disassembled, bound, joined, processed, divided, cut, broken in bulk, re-labled or re-packed.
9.	CORPORATE ACTIVITY
New legislation offers an encouragement o£ corporate activity by authorizing the organization of business development corporations; providing for the issuance of stock by corporations and by providing for the organization of some business investment companies.
may now be applied to expansions or additions of existing industries during the remainder of the original exemption period. A new law also exempts oil when it becomes a component part of a manuf ac-turers product.
10.	TAX EXEMPTIONS
Tax exemptions, previously available only to new industry,
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