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House bill would exempt recent graduates from state income taxes if they stay in state

House bill would exempt recent graduates from state income taxes if they stay in state

Forty percent of graduates from Mississippi's public universities have left the state five years after graduation, according to a recent report commissioned by the state College Board. On Wednesday, the House passed a bill  118-0 seeking to slow that brain drain from the state. The bill would exempt recent college graduates from state income taxes if they stay in the state for three years after graduation from a four-year college or university.