MS HB446

Extends the repeal date of the income tax credit for employer-sponsored training programs from July 1, 2016 to July 1, 2018.

Allows employers a 50% income tax credit for qualified training expenses through community/junior colleges, capped at $2,500 per employee per year.

Credits cannot exceed 50% of annual income tax liability but may be carried forward for up to 5 successive years if the credit exceeds tax liability in any given year.

Requires community/junior colleges and the Department of Revenue to certify employer eligibility and evaluate that training is job-related and meets the definition of "skills training."

Mandates the Mississippi Community College Board to submit annual reports to the Legislature by January 30 detailing program participants, colleges involved, and training types offered.