MS SB2145

Provides taxpayers with an income tax credit equal to 100% of child care expenses paid to prekindergarten providers participating in the Early Learning Collaborative Act of 2013

Defines eligible children as those who are four years old by September 1 of the school year and have not yet entered kindergarten

Grants prekindergarten providers a $1,500 tax credit per child based on the average monthly enrollment in their program

Makes unused tax credits fully refundable to taxpayers from current tax collections

Effective date of January 1, 2015