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MS SB2770
Bill
AI Summary
- Extends the repealer date for an income tax job credit for water transportation enterprises from January 1, 2023 to January 1, 2026
- Water transportation enterprises providing inland cargo transport on lakes, rivers, and intracoastal waterways receive $2,000 annually per Mississippi full-time job created for five years
- Mississippi full-time jobs must be created on or after January 1, 2019 and filled by residents working at least 35 hours per week
- Maximum aggregate tax credits across all taxpayers claiming the credit in a taxable year is capped at $2,000,000
- Enterprises eligible for the credit before January 1, 2026 may continue carrying forward unused credits after that date as provided in existing law
- Takes effect July 1, 2022
Legislative Description
Income tax; extend repealer on job tax credit for certain water transportation enterprises.
Last Action
Approved by Governor
4/18/2022
Committee Referrals
Ways and Means2/3/2022
Finance1/17/2022
Full Bill Text
No bill text available