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MS HB746

Bill

Status

Failed

4/11/2012

Primary Sponsor

Mark Formby

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Deletes the July 1, 2012 repeal date on Section 57-73-25, making the employer skills training tax credit permanent rather than temporary.

  • Maintains the 50% income tax credit for employers sponsoring skills training through community/junior colleges, capped at $2,500 per employee per year.

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

  • Effective June 30, 2012.

Legislative Description

Income tax; delete repeal date on tax credit for certain employers sponsoring skills training for employees.

Last Action

Died On Calendar

4/11/2012

Full Bill Text

No bill text available