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AI Summary
The Mississippi Human Capital Supplemental Tax Act creates a fund for workforce development with a 1% tax rate and establishes an advisory council to address AI impacts.
Business Impact
If you operate in Mississippi, you must pay a 1% tax on workforce development by January 1, 2024, or face penalties.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics
What This Means
The Mississippi Human Capital Supplemental Tax Act introduces a 1% supplemental tax on employers who displace workers through AI technologies. It aims to fund workforce transition initiatives and establish an advisory council with defined roles.
Key Provisions
- Establishes a 1% supplemental tax on AI displacement of human workers.
- Creates the Mississippi Workforce Transition and Development Fund for workforce development, including retraining, education programs, and new job opportunities.
- Creates the AI Workforce Impact Advisory Council to oversee fund initiatives, assess AI impacts, and provide policy recommendations.
Latest Legislative Action
Died In Committee
Bill Sponsors
| Name | Role |
|---|---|
| Deweese | Primary |
| Porter | Primary |
| Powell | Primary |
| Sanders | Primary |
| Summers | Primary |
| Bennett | Cosponsor |
| Creekmore IV | Cosponsor |
| Currie | Cosponsor |
| McGee | Cosponsor |
| Osborne | Cosponsor |
| Read | Cosponsor |
| Scott | Cosponsor |
| Taylor | Cosponsor |
| Turner | Cosponsor |
| Young | Cosponsor |
Compliance Checklist
File an annual Human Capital Impact Statement
Who: Covered employers
Deadline: By April 15 following the close of the tax year
Penalty: Potential audit by the Department of Revenue
Who: Covered employers
Deadline: By April 15 following the close of the tax year
Penalty: Potential audit by the Department of Revenue
Pay the Human Capital Supplemental Tax based on displaced positions
Who: Covered employers
Deadline: Annually, based on tax year
Penalty: Possible financial penalties for non-payment
Who: Covered employers
Deadline: Annually, based on tax year
Penalty: Possible financial penalties for non-payment
Full Legal Analysis
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Official Bill Text
View HB1810 on official legislature website →
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