MS HB1687

Increases the maximum aggregate tax credits available under the Children's Promise Act from $16 million to $24 million annually, starting in calendar year 2022

Requires educational services charitable organizations to be accredited by a regional accrediting agency to qualify as eligible charitable organizations

Maintains 50/50 split of tax credits between child protection services organizations and educational services charitable organizations

Reduces the cap on credits allocated to a single educational services charitable organization from 5% to 3.5% of available credits

Removes provisions that reserved specific portions of tax credits for certain organizations, including the $2 million set-aside for Magnolia Speech School