MS SB2204

Allows Mississippi taxpayers to deduct contributions to qualified tuition programs (Section 529 plans) established and maintained by other states, up to the maximum annual amount allowed for Mississippi's own college savings program.

Applies the same deduction limit as Mississippi's Affordable College Savings (MACS) Program contributions, capping the annual deductible amount.

Amends Mississippi Code Section 27-7-18 to add contributions to out-of-state Section 529 plans as a deductible adjustment to gross income.

Makes conforming amendments to Section 27-7-17 regarding deductible expenses and adjustments.

Takes effect January 1, 2011.