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MS HB175

Bill

Official Source

Status

Failed

3/13/2018

Primary Sponsor

William Arnold

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Allows taxpayers an annual income tax credit of $2,500 for each employee convicted of a nonviolent felony, for up to four years per employee
  • Requires employees to work at least 10 consecutive months and average 40 hours per week to qualify for the credit
  • Limits taxpayers to claiming credits for a maximum of 10 employees per taxable year, with an aggregate statewide cap of $1.5 million across all taxpayers
  • Credit cannot exceed the taxpayer's tax liability for the year and is available in addition to other allowable credits
  • Sunsets January 1, 2021, though employees hired before that date remain eligible for the full credit period

Legislative Description

Income tax; authorize a credit for taxpayers that employ persons convicted of certain nonviolent offenses.

Last Action

Died In Committee

3/13/2018

Committee Referrals

Finance2/12/2018
Ways and Means1/2/2018

Full Bill Text

No bill text available