MS HB1614

Authorizes an annual income tax credit of $1,000 for each employee hired who has been convicted of a nonviolent felony offense, available for five consecutive years per employee.

Requires eligible employees to work at least nine consecutive months during the taxable year and average at least 30 hours per week for the taxpayer to qualify.

Limits the credit to the taxpayer's tax liability for the year, reduced by all other allowable credits (excluding tax payments already made).

Credits granted to eligible taxpayers before January 1, 2018 remain available even after the program's repeal date.

Tax credit program sunsets and repeals on January 1, 2018, with an effective date of January 1, 2015.