MS HB1144

Creates a Mississippi state income tax credit equal to 10% of the federal Earned Income Tax Credit (EITC) claimed by taxpayers

Makes the credit fully refundable, meaning taxpayers receive a cash refund from the Department of Revenue for any credit amount exceeding their state income tax liability

Requires taxpayers to claim the federal EITC on their federal return and provide a copy of that return to the Department of Revenue to qualify

Effective date of January 1, 2021