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MS HB1545
Bill
Status
Failed
2/26/2014
Primary Sponsor
Johnny Stringer
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AI Summary
- Authorizes an annual income tax credit of $2,000 per year for five years for each honorably discharged veteran employed by a taxpayer
- Credit is limited to the taxpayer's tax liability for the year reduced by all other allowable credits, except tax payments already made
- Requires 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
- Unused tax credits may be carried forward for five consecutive years from the close of the tax year earned
- Tax credit provision sunsets and repeals effective January 1, 2019
Legislative Description
Income tax; authorize a credit for taxpayers that hire veterans.
Last Action
Died In Committee
2/26/2014
Committee Referrals
Ways and Means2/17/2014
Full Bill Text
No bill text available