MS SB2783

Allows permanent business enterprises that qualify for job tax credits under Section 57-73-21 to elect to pass through all or a portion of those credits to their employees, effective July 1, 2015 through July 1, 2020.

Requires businesses passing credits to employees to pass a minimum of $1,000 per employee, provide each employee with a certificate evidencing the credit, and notify the Department of Revenue with specific information about the credit transfer.

Credits passed to employees can be used against their state income tax liability but are limited to the employee's state income tax liability from employment with that business in any single tax year.

Makes employees receiving passed-through credits not liable for additional income tax if the business enterprise's credit is subsequently reduced through audit or amended return.

Amends related sections regarding job tax credits, telecommunications broadband deployment credits, and refund procedures to conform with the new pass-through provision and changes effective July 1, 2015.