Mississippi HB1792 proposes a tax credit for employers who loan employees to serve as instructors at community colleges in high-demand fields.
Mississippi HB1792, known as the Mississippi Talent Exchange for Advancement of Careers and Higher Education (TEACH) Credit Act, aims to address the shortage of qualified instructors in high-demand Career and Technical Education (CTE) fields and workforce training by incentivizing private employers to loan skilled employees to serve as instructors at Mississippi community colleges. Employers can claim a state income tax credit equal to the salary and benefits paid to the loaned employee during the assignment.
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