MS SB2658

Allows permanent business enterprises that qualify for job tax credits under Section 57-73-21 to elect to pass through all or 50% of their credits to employees for use against income taxes.

Requires businesses electing to pass credits to employees to pass at least $250 per employee, provide certificates to recipients, and notify the Department of Revenue with specific information about the credit distribution.

Makes businesses responsible for any additional tax liability if their awarded credit is later reduced through audit or amended return, with employees not liable for resulting tax increases.

Applies the pass-through provision only to credits under subsections (2), (3), and (4) of Section 57-73-21 and sunsets the entire provision on July 1, 2017.

Makes conforming amendments to sections governing telecommunications enterprises and broadband deployment tax credits, and clarifies that employees receiving passed-through credits cannot be held liable for subsequent reductions in the business enterprise's credit.