MS SB2223

Authorizes an annual income tax credit of $500 for each employee who is under supervision by the Community Corrections Division or has been discharged from the Department of Corrections custody.

Credit applies for five consecutive years per eligible employee, provided the employee works at least 30 hours per week and is employed for at least six consecutive months during the taxable year.

Tax credit cannot exceed the taxpayer's total tax liability for the year, minus all other allowable credits (except tax payments already made).

Credits are in addition to any other tax credits authorized under law.

Effective January 1, 2015.