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Bill > HB130
MS HB130
MS HB130Income tax; authorize credit for certain child care expenses, child care centers and child care center teachers and directors.
summary
Introduced
01/04/2023
01/04/2023
In Committee
01/04/2023
01/04/2023
Crossed Over
Passed
Dead
02/22/2023
02/22/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act To Authorize An Income Tax Credit For Certain Taxpayers Who Incur Child Care Expenses For A Dependent Child To Attend A Child Care Center That Is Qualified As A Standard Child Care Center Or Comprehensive Child Care Center Under The Mississippi Department Of Human Services Voluntary Child Care Program; To Provide For The Amount Of The Tax Credit; To Authorize A Refundable Income Tax Credit For A Taxpayer Who Is Qualified As A Standard Child Care Center Or Comprehensive Child Care Center Under The Mississippi Department Of Human Services Voluntary Child Care Program; To Provide For The Amount Of The Tax Credit; To Authorize A Refundable Income Tax Credit For A Taxpayer Who Is Employed As A Teacher Or Director With A Child Care Center That Is Qualified As A Standard Child Care Center Or Comprehensive Child Care Center Under The Mississippi Department Of Human Services Voluntary Child Care Program; To Provide For The Amount Of The Tax Credit; To Authorize An Income Tax Credit For A Taxpayer Who Donates Funds To A Child Care Center That Is Qualified As A Standard Child Care Center Or Comprehensive Child Care Center Under The Mississippi Department Of Human Services Voluntary Child Care Program; To Provide For The Amount Of The Tax Credit; And For Related Purposes.
AI Summary
This bill authorizes several income tax credits in Mississippi related to child care expenses. It allows a credit of up to $750 for taxpayers with dependents who attend qualified child care centers, a refundable credit for qualified child care centers, a refundable credit for teachers or directors at qualified child care centers, and a credit for taxpayers who donate funds to qualified child care centers. The credits are intended to support and incentivize the use of high-quality child care in the state. The bill provides details on the eligibility requirements and calculation of the various credits, and tasks the Mississippi Department of Revenue with implementing and administering the provisions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/22/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Family Issues
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://billstatus.ls.state.ms.us/2023/pdf/history/HB/HB0130.xml | 01/04/2023 |
| BillText | http://billstatus.ls.state.ms.us/documents/2023/html/HB/0100-0199/HB0130IN.htm | 01/04/2023 |
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