Bill > SB2148

This bill expands the existing tax credit for contributions to prekindergarten programs by explicitly including preschool programs and specifically allowing tax credits for contributions to programs serving three-year-old children starting in calendar year 2025. Under the current law, taxpayers can receive a tax credit for contributions to approved prekindergarten programs, with a maximum individual contribution limit of $1,000,000 and an overall annual donation cap that increases over time. The bill adds "preschool" to various sections of the existing code and introduces a new provision that, beginning in 2025, the tax credit will specifically apply to public school programs serving children at least three years old. Donors can carry forward any unused portion of the tax credit for up to three years, and contributions must be verified by submitting receipts to the Mississippi Department of Revenue. The bill aims to provide additional financial support and incentives for early childhood education programs in Mississippi, with a particular focus on expanding access for three-year-old children.

Education

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2148.xml