MS HB377

Provides employers a $2,000 annual income tax credit for each honorably discharged U.S. military veteran hired, available for up to 5 years per veteran employee

Requires veteran employees to work at least 6 consecutive months and average 30+ hours per week to qualify the employer for the credit

Limits the credit amount to the taxpayer's tax liability after other credits, with unused credits carried forward for up to 5 consecutive years

Tax credit is in addition to any other credits authorized under law

Takes effect January 1, 2013 and automatically repeals January 1, 2018