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MS SB2233
Bill
Status
2/21/2018
Primary Sponsor
Angela Burks Hill
Click for details
AI Summary
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Authorizes an income tax credit for unreimbursed educational expenditures made by taxpayers for dependent children enrolled in private elementary or high school programs or homeschooling in Mississippi.
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Credit amount cannot exceed the base student cost under the Mississippi Adequate Education Program for the applicable school year.
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Eligible educational expenditures include tuition, fees, computer software, textbooks, workbooks, curricula, school supplies, and academic materials.
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If the credit exceeds tax liability, the excess may be carried forward for three tax years or the taxpayer may request a refund from the Department of Revenue.
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Effective January 1, 2018, with taxpayers required to provide documentation of educational expenditures as prescribed by the Department of Revenue.
Legislative Description
Income tax; authorize credit for expenditures for participation of a child in a private elementary or high school program.
Last Action
Died In Committee
2/21/2018