MS HB174

Authorizes an annual income tax credit of $1,000 for taxpayers who employ individuals convicted of nonviolent felonies, available for five consecutive years per employee.

Requires the employee to be employed for at least nine consecutive months during the tax year and work an average of at least 30 hours per week to qualify.

Limits the total credit to the amount of tax owed by the taxpayer for that year, reduced by other allowable credits (excluding tax payments already made).

Defines "nonviolent crime" according to Section 47-7-3 of Mississippi Code.

Repeals the tax credit effective January 1, 2021, though employees hired before that date remain eligible for the full five-year credit period.