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MS HB415
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 taxpayers employing persons convicted of nonviolent felonies, continuing for five years per employee
- Limits the tax credit to the amount of tax imposed on the taxpayer for the year, reduced by all other allowable credits except tax payments made
- Requires the employee to work at least nine consecutive months during the year and average at least 30 hours per week to qualify for the credit
- Defines "nonviolent crime" using the same definition as Section 47-7-3 of the Mississippi Code
- Repeals the credit provision effective January 1, 2019, but allows eligible taxpayers who claimed the credit before that date to continue receiving it
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