MS HB1646

Authorizes an annual income tax credit of $1,000 for taxpayers who employ individuals convicted of felony offenses, available for five consecutive years per employee.

Requires the employee to be employed for at least six consecutive months during the year and work an average of at least 30 hours per week to qualify for the credit.

Limits the tax credit to the amount of tax owed in the taxable year minus all other allowable credits, except tax payments already made.

Allows taxpayers eligible for the credit before January 1, 2015, to carry forward unused credits after that date despite the section's repeal.

Repeals the credit provision effective January 1, 2015, and takes effect January 1, 2012.