MS HB33

Authorizes an 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 amount equals ten percent of annual wages paid to each veteran employee or $2,000 per year (whichever is less), claimable for five years per employee.

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

Limits aggregate tax credits statewide to $1,000,000 and allows unused credits to be carried forward for five consecutive years.

Sunsets on January 1, 2018, though existing credits may be carried forward by eligible taxpayers who claimed them before that date; takes effect January 1, 2016.