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MS HB366
Bill
Status
Failed
3/16/2016
Primary Sponsor
William Arnold
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AI Summary
- Authorizes an annual income tax credit of $1,000 for five years for each employee hired who has been convicted of a nonviolent felony offense
- Requires employees to work at least nine consecutive months during the year and average at least 30 hours per week to qualify
- Limits the credit to not exceed the taxpayer's total tax liability for the year, minus all other allowable credits except tax payments
- Credits are in addition to any other credits authorized under law
- Repeals the credit provision on January 1, 2019, though those eligible before that date retain eligibility
Legislative Description
Income tax; authorize a credit for taxpayers that employ persons convicted of certain felony offenses.
Last Action
Died In Committee
3/16/2016
Committee Referrals
Revenue and Expenditure General Bills2/8/2016
Full Bill Text
No bill text available