MS HB409

Creates a state income tax deduction for taxpayer contributions made to Mississippi public school districts, effective January 1, 2018.

Allows taxpayers to designate contributions for specific uses by school districts, with the deduction amount equal to contributions made during the taxable year.

Caps the aggregate deduction per taxpayer at their total taxable income for the taxable year.

Authorizes school boards to accept contributions and other financial assistance, requiring the district to expend designated contributions only for their specified purposes.