MS SB2585

Allows individual taxpayers a state income tax deduction of $5,000 per dependent child for education expenditures at qualified private schools or homeschool programs in Mississippi, effective for taxable years beginning after December 31, 2016.

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

Limits the deduction to dependent children who are eligible for free public school education in Mississippi, qualify as dependents under federal tax law, and are the natural/adopted child or court-appointed ward of the taxpayer.

Specifies that "qualified private school education program" includes homeschooling or private school attendance that satisfies Mississippi's compulsory attendance requirements, but excludes home instructional services for children enrolled in public or charter schools.

Married couples filing jointly are entitled to only one combined deduction under this provision, and the deduction must be claimed on annual state tax returns as prescribed by the Department of Revenue.