MS HB111

Allows taxpayers an annual income tax credit of $2,500 for four years for each employee convicted of a nonviolent felony, subject to the tax owed for that year.

Requires employees to work at least 10 consecutive months and average at least 40 hours per week to qualify for the credit.

Limits each taxpayer to claiming the credit for no more than 10 employees per taxable year, with a statewide aggregate cap of $1,500,000 annually.

Defines "nonviolent crime" by reference to Mississippi Code Section 47-7-3.

Repeals the credit provision effective January 1, 2022, though taxpayers already eligible before that date may continue claiming benefits.