Income tax; increase aggregate amount of credits allowed for certain employees sponsoring skills training for employees.

HB 1835 increases Mississippi's annual cap on tax credits for employers sponsoring employee skills training through community colleges. Currently limited to $5 million total per year, the bill raises this aggregate limit to allow more employers to claim credits for qualifying training expenses (covering 50% of costs up to $2,500 per employee annually). The credit applies to employer-funded training programs evaluated by local community colleges to ensure they improve job skills. The program expires December 31, 2027, and requires annual reports to the legislature on participation.