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MS SB2416
Bill
Status
Failed
2/27/2013
Primary Sponsor
Angela Burks Hill
Click for details
AI Summary
- Allows a state income tax deduction for parents who pay education expenditures for dependent children attending private school or homeschool programs in Mississippi
- Defines eligible "education expenditures" as tuition, fees, computer software, textbooks, workbooks, curricula, school supplies, and written materials used for academic instruction or tutoring
- Provides a deduction of $1,000 per dependent child per taxable year for unreimbursed education expenditures
- Limits the deduction to one per married couple and requires taxpayers to claim it on their annual state tax return as prescribed by the Department of Revenue
- Effective for taxable years beginning after December 31, 2012, with implementation date of July 1, 2013
Legislative Description
Parents who send children to private school or homeschool; provide state income tax deduction for.
Last Action
Died In Committee
2/27/2013
Committee Referrals
Finance1/21/2013
Full Bill Text
No bill text available