Income tax; authorize credit for certain employers loaning employees to serve as instructors at community colleges.

HB 1792 creates the "Mississippi Talent Exchange for Advancement of Careers and Higher Education (TEACH) Credit Act," authorizing a state income tax credit for private Mississippi employers. It directly affects employers who loan qualified employees to teach in high-demand career and technical education (CTE) programs at Mississippi community colleges. The credit covers the employer’s salary and benefits paid during the teaching assignment (minus public fund reimbursements), capped at $1 million total statewide annually. Employers must continue full pay, assign employees to approved CTE programs via written agreements, and community colleges verify qualifications and program eligibility. The Mississippi Community College Board administers the program and reports on its effectiveness.