MISSISSIPPI LEGISLATURE
2023 Regular Session
To: Ways and Means
By: Representative Mims
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR CERTAIN PERSONS WHO BEGIN EMPLOYMENT AS A REGISTERED NURSE OR ADVANCED PRACTICE REGISTERED NURSE IN THIS STATE ON OR AFTER JULY 1, 2023; TO PROVIDE ELIGIBILITY CRITERIA FOR THE TAX CREDIT; TO PROVIDE FOR THE AMOUNT OF THE CREDIT; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) As used in this section, the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise:
(a) "Advanced practice registered nurse" means and has the same definition as such term has in Section 73-15-5, Mississippi Code of 1972.
(b) "Registered nurse" means and has the same definition as such term has in Section 73-15-5, Mississippi Code of 1972.
(2) A taxpayer who, on or after July 1, 2023, begins employment as a registered nurse or advanced practice registered nurse in the State of Mississippi shall be allowed a credit against the taxes imposed under this chapter in the manner provided in this section. In order to be eligible to claim a credit under this section, a taxpayer:
(a) Must not have been employed as a registered nurse or advanced practice registered nurse in the State of Mississippi before July 1, 2023, and must have been so employed outside the State of Mississippi before July 1, 2023, and
(b) Must be employed as a registered nurse or advanced practice registered nurse in the State of Mississippi for a weekly average of not less than thirty-six (36) hours for not less than six (6) months of a taxable year for which a credit is claimed.
The tax credit shall be for an amount equal to One Thousand Five Hundred Dollars ($1,500.00). However, the tax credit shall not exceed the amount of tax imposed upon the taxpayer for the taxable year reduced by the sum of all other credits allowable to the taxpayer under this chapter, except credit for tax payments made by or on behalf of the taxpayer. Any tax credit claimed under this section but not used in any taxable year may be carried forward for five (5) consecutive years from the close of the tax year in which the credit was earned.
SECTION 2. Section 1 of this act shall be codified as a separate section in Chapter 7, Title 27, Mississippi Code of 1972.
SECTION 3. This act shall take effect and be in force from and after July 1, 2023.