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MS HB1606
Bill
Status
Failed
2/22/2017
Primary Sponsor
William Arnold
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AI Summary
- Authorizes an annual income tax credit of $1,000 per employee for five years for taxpayers who employ persons convicted of felony offenses for nonviolent crimes
- Employee must be employed for at least nine consecutive months during the taxable year and work an average of at least 30 hours per week to qualify
- Tax credit cannot exceed the taxpayer's tax liability for the year, reduced by all other allowable credits except tax payments already made
- Defines "nonviolent crime" by reference to Section 47-7-3 of Mississippi Code
- Provision expires January 1, 2020, but taxpayers eligible before that date retain eligibility notwithstanding the repeal
Legislative Description
Income tax; authorize a credit for taxpayers that employ persons convicted of certain nonviolent crimes.
Last Action
Died In Committee
2/22/2017
Committee Referrals
Ways and Means2/15/2017
Full Bill Text
No bill text available