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MS HB1835

Bill

Official Source

Status

Engrossed

2/25/2026

Primary Sponsor

Donnie Bell

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Increases the maximum aggregate annual tax credit cap for employer-sponsored skills training from $1,000,000 to $5,000,000 for all taxpayers combined
  • Employers receive a 50% income tax credit on qualified training expenses including instructors, instructional materials, equipment, and training facility construction/maintenance
  • Individual credit limited to $2,500 per employee per year and cannot exceed 50% of the taxpayer's income tax liability, with unused credits carried forward up to five years
  • Training must be provided or approved by the community/junior college in the employer's district and certified as job-related skills training
  • Effective January 1, 2026, with the tax credit program set to expire December 31, 2027

Legislative Description

Income tax; increase aggregate amount of credits allowed for certain employees sponsoring skills training for employees.

Last Action

Referred To Finance

3/4/2026

Committee Referrals

Finance3/4/2026
Ways and Means2/4/2026

Full Bill Text

No bill text available