Mississippi

'Brain Drain' Tax Credit Legislation Passes Mississippi House

'Brain Drain' Tax Credit Legislation Passes Mississippi House

The Mississippi House of Representatives wants young people to stay in Mississippi. It unanimously passed a measure Wednesday to offer tax breaks to recent college graduates who stay in Mississippi and work in the state, immediately after graduation from a four-year college or university.

House bill would exempt recent graduates from state income taxes if they stay in state

House bill would exempt recent graduates from state income taxes if they stay in state

Forty percent of graduates from Mississippi's public universities have left the state five years after graduation, according to a recent report commissioned by the state College Board. On Wednesday, the House passed a bill  118-0 seeking to slow that brain drain from the state. The bill would exempt recent college graduates from state income taxes if they stay in the state for three years after graduation from a four-year college or university.

Bill would exempt recent grads from state income tax for staying in Mississippi

Bill would exempt recent grads from state income tax for staying in Mississippi

House Bill 1550, referred to as 'brain drain' legislation, would give tax credits to recent college grads of accredited, four-year universities, either in or out of the state of Mississippi.

Mississippi leads the U.S. in losing Millennials

Mississippi leads the U.S. in losing Millennials

According to a governing.com analysis of the recently reported state-by-state Census data, no other state in the country lost more Millennials. “We have yet to give young people a reason to stay and invest in Mississippi,” says Jeramey Anderson.