Bill > SB2867

This bill modifies Mississippi's income tax credit for employers who provide dependent child care or child care stipends, making it easier for employers to qualify and clarifying the credit's limitations. Specifically, employers can now receive a credit for providing a child care stipend of at least $2,000 per child for direct payments to a licensed or registered child care provider, whereas previously the minimum stipend amount was $6,000. The bill also caps the credit at $3,000 per year for each child of an employee receiving care. To be eligible, employers must now certify the names of employees receiving stipends, the amount paid, and the licensed or registered child care entity receiving the funds, including its federal identification and license/registration numbers as listed on the State Department of Health Registry. The bill also introduces an aggregate cap of $1,000,000 on the total credits the Department of Revenue can allocate annually. These changes aim to encourage employers to support their employees' child care needs by providing a more accessible and defined tax incentive.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2867.xml