MS SB2548

Extends the repeal date of the upholstered household furniture manufacturing job tax credit from January 1, 2026, to January 1, 2030

The tax credit provides $2,000 annually for each full-time employee (35+ hours per week) employed in new cut and sew jobs for upholstered household furniture, available for five years per job

Taxpayers who qualify for the credit before January 1, 2030, remain eligible to claim and carry forward unused credits for five consecutive years even after the program repeals

The credit cannot exceed the enterprise's total state income tax liability in any given year

Effective date is July 1, 2025