MS SB2132

Authorizes a state income tax credit for unreimbursed educational expenditures made for a dependent child enrolled in private school or homeschooling in Mississippi, effective for calendar year 2020 and thereafter.

Credit amount is limited to the base student cost under the Mississippi Adequate Education Program for the relevant school year.

Eligible educational expenditures include tuition, fees, textbooks, tutoring, curriculum, online learning, standardized tests, industry certifications, public school contracted services, and licensed educational therapies.

Includes caps of $1,000 annually for transportation fees and $100 annually for consumable school supplies.

Excess credits may be carried forward for three years or claimed as a refund through the Department of Revenue.