MS SB2136

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

Credit applies for five consecutive years for each eligible employee employed.

Employee must be employed for at least six consecutive months during the tax year and work an average of at least 30 hours per week to qualify.

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

Takes effect January 1, 2018.