MS HB1710

Grants employers a 50% income tax credit for sponsoring skills training programs through community or junior colleges in their district or college-approved training.

Credit applies to qualified training expenses including instructor costs, instructional materials, equipment, and facility construction/maintenance, capped at $2,500 per employee per year.

Credit cannot exceed 50% of taxpayer's income tax liability in a tax year but may be carried forward for five successive years; excess credits after that period are not refundable or transferable.

Community or junior colleges must evaluate and certify that training is job-related, and employers must be certified as eligible by both their local college and the Department of Revenue.

Mississippi Community College Board must report annually by January 30 on program participation numbers, participating colleges, and training types offered; provision sunsets July 1, 2028.