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MS SB3228

Bill

Official Source

Status

Engrossed

2/25/2026

Primary Sponsor

Josh Harkins

Click for details

Origin

Senate

2026 Regular Session

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

Decline to Concur/Invite Conf

3/11/2026

Committee Referrals

Ways and Means2/26/2026
Finance2/24/2026

Full Bill Text

No bill text available