HB 1634 Summary

• Extends the repeal date of the income tax credit for upholstered household furniture manufacturers from January 1, 2026 to January 1, 2029, allowing eligible taxpayers to continue claiming $2,000 annually per full-time employee in new cut and sew jobs for five years.

• Brings forward multiple sections of Mississippi Code relating to alcoholic beverages for possible amendment, including provisions on privilege license taxes, excise taxes, transportation regulations, permits, and applicant qualifications.

• Effective date: Section 1 takes effect January 1, 2025; Sections 2-4 take effect July 1, 2025.