MS SB2177

Authorizes a $500 annual income tax credit for taxpayers who maintain, support, and care for a dependent with a diagnosis of developmental disability in their home.

Defines "individual" as a biological child, adopted child, or any person qualifying as a dependent under Section 152 of the Internal Revenue Code.

Defines "developmental disability" to include mental retardation, cerebral palsy, epilepsy, autism, dyslexia related to these conditions, or similar conditions originating before age 22 that substantially impair functioning and require ongoing support services.

Requires certification by a licensed physician or licensed psychologist that the individual has a developmental disability diagnosis; certification is valid for five taxable years and must be renewed for continued credits.

Takes effect January 1, 2010, and codifies the provision in Chapter 7, Title 27 of the Mississippi Code of 1972.