MS SB2832

Extends the repeal date of the upholstered household furniture manufacturing job tax credit from January 1, 2022 to January 1, 2026.

Maintains the $2,000 annual tax credit for each full-time employee (working at least 35 hours per week) employed in a new cut and sew job for upholstered household furniture.

Allows taxpayers eligible for the credit prior to January 1, 2026 to continue using and carrying forward the credit after that date for up to five consecutive years.

Takes effect July 1, 2021.