MS SB2263

Allows parents a state income tax deduction of $1,000 per dependent child for education expenditures at private schools or homeschools in Mississippi, effective for taxable years beginning after December 31, 2014.

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

Requires dependent children to be eligible for free public school education in Mississippi, qualify as dependents under federal tax code, and be natural/adopted children or court-appointed wards of the taxpayer claiming the deduction.

Limits the deduction to private elementary or high school programs and homeschooling that satisfy compulsory attendance requirements; excludes instructional services delivered in homes to children enrolled in public or charter schools.

Married couples filing jointly are entitled to only one combined deduction per household regardless of the number of children, and the deduction must be claimed on the state tax return as prescribed by the Department of Revenue.