MS HB1447

Establishes an annual income tax credit of $1,000 for each employee hired who has been convicted of a nonviolent felony offense, available for five consecutive years per employee.

Requires employers to employ the credited employee for at least nine consecutive months during the tax year and maintain an average of at least 30 hours per week employment.

Limits the tax credit to the amount of tax imposed on the taxpayer for the taxable year, minus all other allowable credits except tax payments already made.

Defines "nonviolent crime" according to Section 47-7-3 of Mississippi Code and makes credits available in addition to any other authorized credits.

Credits are available for any eligible taxpayer before January 1, 2022, and the section automatically repeals on January 1, 2022, effective from January 1, 2019.