MS HB1613

Authorizes an annual income tax credit of $2,000 per year for five years for taxpayers that hire honorably discharged veterans hired on or after January 1, 2015.

Eligible veterans must have served in the U.S. Armed Forces, been honorably discharged on or after January 1, 2009, and be initially hired as a new employee.

Requires the employee to work at least six consecutive months during the year and average at least 30 hours per week to qualify for the credit.

Allows unused tax credits to be carried forward for five consecutive years; the credit cannot exceed the taxpayer's tax liability after other credits.

Sunsets on January 1, 2018, but taxpayers eligible before that date may continue to carry forward remaining credits.