MS SB2749

Allows parents to deduct up to $5,000 per dependent child for education expenditures at qualified private schools or homeschool programs in Mississippi.

Defines qualifying education expenditures as tuition, fees, computer software, textbooks, workbooks, curricula, school supplies, and written materials used for academic instruction or tutoring.

Applies only to dependent children eligible for free public school education in Mississippi, and excludes children enrolled in public schools receiving home instruction services.

Married couples filing jointly are limited to one deduction regardless of number of children, and the deduction must be claimed on annual state tax returns as prescribed by the Department of Revenue.

Effective for taxable years beginning after December 31, 2013, with implementation date of July 1, 2014.