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Bill > HB204
MS HB204
MS HB204Income tax; authorize credit for certain child care expenses, child care centers and child care center teachers and directors.
summary
Introduced
01/17/2024
01/17/2024
In Committee
01/17/2024
01/17/2024
Crossed Over
Passed
Dead
03/27/2024
03/27/2024
Introduced Session
2024 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 and support for child care centers and their employees. Specifically, it allows a credit for taxpayers with dependent children who attend qualified child care centers, a refundable credit for taxpayers who own or operate qualified child care centers, a refundable credit for taxpayers employed as teachers or directors at qualified child care centers, and a credit for taxpayers who donate funds to qualified child care centers. The bill sets the credit amounts and eligibility requirements, and requires the Mississippi Department of Revenue to implement and administer the provisions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 03/27/2024)
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 | https://billstatus.ls.state.ms.us/2024/pdf/history/HB/HB0204.xml | 01/17/2024 |
| BillText | https://billstatus.ls.state.ms.us/documents/2024/html/HB/0200-0299/HB0204IN.htm | 01/17/2024 |
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