MS SB2493

Allows taxpayers a tax credit equal to child care expenses paid to prekindergarten providers participating in the Early Learning Collaborative Act of 2013.

Defines "prekindergarten provider" as public, private, or parochial schools, licensed child care centers, or Head Start Centers serving four-year-old children in voluntary prekindergarten programs.

Provides prekindergarten providers a tax credit of $1,500 multiplied by the average monthly number of children enrolled in their prekindergarten program.

Allows unused tax credits to be treated as overpayments and refunded to taxpayers from current collections in the same taxable year.

Takes effect January 1, 2017.