MS HB1259

Extends the repeal date of Section 57-73-25 from July 1, 2016, allowing the income tax credit for employers sponsoring skills training to continue beyond the original sunset date.

Updates references from "State Tax Commission" to "Department of Revenue" throughout the section to reflect the agency's reorganization.

Maintains the 50% income tax credit for employers sponsoring skills training through community/junior colleges, capped at $2,500 per employee annually and not exceeding 50% of annual income tax liability.

Allows unused credits to be carried forward for five successive years, with any remaining excess not refundable or carried to other tax years.

Requires the State Board for Community and Junior Colleges to submit annual reports to the Legislature by January 30 detailing program participants, participating institutions, and training types offered.