MS SB2845

Authorizes an annual income tax credit of $500 for taxpayers who employ a person being supervised by the Community Corrections Division or discharged from the Department of Corrections custody.

Credit is available for five consecutive years per eligible employee and requires the employee to work at least six consecutive months and average 30 hours per week during the year the credit is claimed.

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

Credits under this section are in addition to any other credits authorized by law.

Effective date is January 1, 2016.