MS HB1180

Establishes a state income tax rebate program for recent residents (those who moved to Mississippi within one year) employed in jobs outside the state.

Eligible participants receive a 75% rebate of state income tax liability after completing one year in the program, or a 100% rebate after completing an additional two-year period.

Requires applicants to file with the Department of Revenue, which determines eligibility and issues certificates to qualified individuals who must maintain Mississippi residency and out-of-state employment.

Amends Section 27-7-15 to exclude rebates received under this program from gross income for state income tax purposes.

Takes effect July 1, 2021.