MS SB2941

Allows Mississippi taxpayers a state income tax deduction of $1,000 per dependent child for education expenditures at private schools or homeschool programs.

Defines "education expenditure" to include tuition, fees, computer software, textbooks, workbooks, curricula, and school supplies used for academic instruction.

Limits the deduction to dependent children eligible for free public school education in Mississippi who are the taxpayer's natural or adopted child, or court-appointed ward.

Specifies that married couples filing jointly receive only one combined deduction and that the deduction applies to taxable years beginning after December 31, 2011.

Takes effect July 1, 2012.