Bill > SB2854

This bill authorizes income tax credits for certain child care expenses and for Pre-K providers, aiming to support early childhood education in Mississippi. Specifically, it allows taxpayers to claim a credit equal to the amount they pay to a "prekindergarten provider" for the care of their child, defined as a child who has not yet entered kindergarten but will turn four by September 1st of the school year. A "prekindergarten provider" is defined as any public, private, or parochial school, licensed child care center, or Head Start Center that participates in the state's voluntary prekindergarten program. Additionally, these participating prekindergarten providers will receive a tax credit calculated as $1,500 multiplied by the average monthly number of children enrolled in their program. Any unused tax credits will be refunded to the taxpayer. This act is set to take effect on January 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2854.xml