HB 1091 Summary

• Establishes the Mississippi Educational Talent Recruitment Act with a rebate program allowing recent college graduates employed in Mississippi to receive 50% rebates on state income taxes for five years, or 100% rebates if they purchase property, start a business, or work in high-unemployment counties.

• Creates a Mississippi Business Employment Recruiting Services Fund with up to $1,000,000 in general obligation bonds to assist Mississippi businesses in paying employment recruiting costs for college graduates relocating from outside the state (maximum $25,000 per business annually).

• Establishes a College or University Graduate Home Grant Fund with up to $1,000,000 in general obligation bonds to provide maximum $5,000 grants to college graduates for down payments and housing-related costs when purchasing homes in Mississippi.

• Authorizes teleworker employees of out-of-state employers to claim a tax credit up to $500 annually for broadband and communications service costs, and allows a deduction up to $1,200 for such expenses.

• Authorizes state agency directors to employ up to five exempt employees outside normal civil service requirements and allows Public Employees' Retirement System members to purchase creditable service for prior employment with non-participating public or private employers in Mississippi.