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MS SB3228
Bill
AI Summary
- Increases the annual aggregate cap on employer skills training tax credits from $1,000,000 to $2,500,000 across all taxpayers claiming the credit
- Extends the program's repeal date from December 31, 2027 to December 31, 2030
- Employers receive a 50% income tax credit for sponsoring employee skills training through local community/junior colleges, capped at $2,500 per employee annually
- Credits cannot exceed 50% of an employer's tax liability in any year but may be carried forward for five successive years
- Effective date is January 1, 2026
Legislative Description
Income tax credits; increase aggregate amount for certain employers sponsoring employee skills training, and extend repealer.
Last Action
Approved by Governor
4/8/2026
Committee Referrals
Ways and Means2/26/2026
Finance2/24/2026
Full Bill Text
No bill text available