SB3228

Mississippi SB3228 increases income tax credits for employers sponsoring employee skills training and extends the repeal date of the credit.

Mississippi SB3228 amends Section 27-7-22.50 of the Mississippi Code of 1972 to increase the maximum aggregate amount of income tax credits that employers can claim for sponsoring employee skills training. The bill also extends the repeal date of this tax credit from 2030 to a later date. Employers must be certified by the local community or junior college and the department to be eligible for the credit. The credit is applied to qualified training expenses and can be carried forward for up to five years if it exceeds the tax liability.