Loading chat...
MS HB1088
Bill
Status
Failed
2/24/2010
Primary Sponsor
Reecy Dickson
Click for details
AI Summary
- Allows eligible students an income tax credit of up to $500 per taxable year during which they are enrolled in pursuit of an associate or baccalaureate degree at Mississippi institutions
- Defines eligible students as those enrolled at community/junior colleges taking at least 6 semester hours toward an associate degree, or those with an associate degree enrolled at colleges/universities taking at least 6 semester hours toward a baccalaureate degree
- Requires eligible students to maintain a cumulative grade point average of at least 2.0 on a 4.0 scale and make steady academic progress toward their degree
- Credit cannot exceed the lesser of $500 or the taxpayer's tax liability reduced by all other allowable credits, with unused portions carried forward for up to 3 years
- Effective January 1, 2010
Legislative Description
Income tax; authorize a credit for taxpayers pursuing associate degree or baccalaureate degree.
Last Action
Died In Committee
2/24/2010
Full Bill Text
No bill text available