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Bill > HB544
MS HB544
MS HB544Income tax; authorize credit for certain child care expenses, child care centers and child care center teachers and directors.
summary
Introduced
01/10/2025
01/10/2025
In Committee
01/10/2025
01/10/2025
Crossed Over
Passed
Dead
02/26/2025
02/26/2025
Introduced Session
2025 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 introduces a comprehensive set of income tax credits related to child care in Mississippi, targeting four distinct groups. First, parents can claim a $750 tax credit per dependent child (under 6 years old) who attends a qualified child care center for at least 8 months, with eligibility limited to families earning up to 400% of the federal poverty level. Parents earning less than 250% of the federal poverty level can receive a refundable credit. Second, child care centers qualified under the Mississippi Department of Human Services voluntary program can receive a refundable tax credit based on their average monthly child attendance, with standard centers eligible for up to $15,000 and comprehensive centers up to $20,000. Third, teachers and directors employed at these qualified child care centers for more than 9 months can receive a refundable tax credit of $750 for standard centers or $1,000 for comprehensive centers. Finally, taxpayers who donate funds to qualified child care centers can receive a tax credit equal to their donation, up to $5,000, which can be carried forward for five consecutive years. The bill will take effect on January 1, 2025, and the Department of Revenue will be responsible for implementing and administering these new tax credits.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/26/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0544.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2025/html/HB/0500-0599/HB0544IN.htm |
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