Bill > HB4058

This bill modifies Mississippi's income tax credit for employers who provide child care for their employees, reducing the required stipend amount from $6,000 to $2,000 per child for direct payments to licensed or registered child care providers, and capping the tax credit at $3,000 per year for each child of a participating employee. It also brings forward existing law concerning the Mississippi Office of Workforce Development and the Mississippi State Workforce Investment Board, which are responsible for developing and overseeing the state's workforce development system, for potential future amendments. The bill specifies that employers must certify details about the stipends and the child care providers to the Department of Revenue to claim the credit, and clarifies that the credit applies to the net cost of contracts, employer-provided care expenses, or stipends, with additional eligible expenses including community-based care enhancements. The changes are set to take effect on January 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4058.xml