MS HB751

Deletes the July 1, 2013 repeal date for the income tax credit for upholstered household furniture manufacturers, making the credit permanent.

Maintains the $2,000 annual income tax credit per full-time employee in new cut and sew jobs for a five-year period from the commencement date selected by the enterprise.

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

Allows taxpayers who became eligible for the credit before January 1, 2012 to continue using it and carry forward unused credits as provided under existing law.

Takes effect July 1, 2012.