MS SB2910

Authorizes a $2,000 annual income tax credit for taxpayers employing honorably discharged veterans who served on active duty after September 11, 2001, and were unemployed for six consecutive months before hire.

Credit applies only to new hires employed after January 1, 2014, and may be claimed for five consecutive years per eligible veteran.

Employee must work at least six consecutive months during the year and average at least 30 hours per week for the taxpayer to qualify.

Unused tax credits may be carried forward for five consecutive years; credits cannot exceed taxpayer's total tax liability for the year after accounting for other credits.

Provision automatically repeals January 1, 2017, but taxpayers eligible before that date may continue carrying forward remaining credits.