MS HB1065

Authorizes water transportation enterprises engaged in inland cargo transportation on lakes, rivers, and intracoastal waterways to claim a $2,000 annual income tax credit per full-time Mississippi employee for five years.

Defines eligible jobs as positions created on or after January 1, 2019, filled by Mississippi residents working at least 35 hours per week, with employment fluctuations adjusted annually by the Department of Revenue.

Limits annual credit usage to the enterprise's total state income tax liability, with unused credits carried forward for up to five consecutive years.

Caps total aggregate tax credits claimed by all eligible enterprises at $2,000,000 per taxable year.

Sunsets on January 1, 2023, but allows enterprises already eligible before that date to continue claiming and carrying forward remaining credits.