MS SB2905

Authorizes an annual income tax credit of $2,500 for taxpayers who employ persons convicted of nonviolent felonies, available for four consecutive years per employee.

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

Limits taxpayers to claiming the credit for no more than 10 employees per taxable year, with a statewide cap of $1,500,000 in total credits claimed annually.

Restricts the credit to the amount of tax owed by the taxpayer after all other credits, except tax payments, have been applied.

Sunsets the provision on January 1, 2022, though employees hired before that date remain eligible for the full four-year credit period.