MississippiSB 32282026 Regular SessionSenateWALLET

Income tax credits; increase aggregate amount for certain employers sponsoring employee skills training, and extend repealer.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More training tax credits for employers

Starting January 1, 2026, eligible permanent businesses can claim a state income tax credit for 50% of qualified costs for job-related training provided by, or approved by, the local community or junior college. The college evaluates the training, and the college and Department of Revenue certify employers for the credit. The credit is limited to $2,500 per employee each tax year and half of the employer’s income tax liability. Unused credits carry forward for five years, then expire. The total yearly credit cap rises from $1 million to $2.5 million, and the credit is scheduled for repeal after December 31, 2030, instead of December 31, 2027.

Sponsors & Cosponsors

Sponsor

Josh Harkins
Republican • Senate

Cosponsors

Jeremy England
Republican • Senate
Sarita Simmons
Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 341 • No: 0

Senate vote • 3/29/2026

Conference Report Adopted

Yes: 50 • No: 0

House vote • 3/29/2026

Conference Report Adopted

Yes: 120 • No: 0

House vote • 3/5/2026

Passed As Amended

Yes: 121 • No: 0

Senate vote • 2/25/2026

Passed