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MS HB808
Bill
Status
Passed
3/15/2019
Primary Sponsor
Jason White
Click for details
AI Summary
- Extends the repeal date of Section 27-7-22.36 from January 1, 2019 to January 1, 2022 for an income tax credit related to upholstered household furniture manufacturing
- Allows enterprises owning or operating upholstered household furniture manufacturing facilities a $2,000 annual job tax credit for each full-time employee (35+ hours per week) in a new cut and sew job, for five years from the credit's commencement date
- Defines "new cut and sew job" as employment in cutting and sewing upholstery for upholstered household furniture that did not exist in Mississippi before January 1, 2010
- Permits taxpayers eligible for the credit prior to January 1, 2022 to continue using and carrying forward the credit after that date for up to five consecutive years
- Takes effect January 1, 2019
Legislative Description
Income tax; extend repealer on tax credit for new cut and sew jobs in upholstered furniture manufacturing industry.
Last Action
Approved by Governor
3/15/2019
Committee Referrals
Finance2/20/2019
Ways and Means1/21/2019
Full Bill Text
No bill text available