MS HB130

Creates a $750 income tax credit per dependent child (under age 6) for parents earning up to 400% of federal poverty level who use qualified child care centers for at least 8 months; credit is refundable for families below 250% of poverty level

Provides refundable tax credits for qualified child care centers: up to $15,000 for standard centers ($500 per child) or up to $20,000 for comprehensive centers ($750 per child) based on average monthly attendance

Grants refundable tax credits of $750 to $1,000 for teachers and directors employed at qualified child care centers for more than 9 months during the tax year

Allows a tax credit up to $5,000 for taxpayers who donate funds to qualified standard or comprehensive child care centers, with unused credits carrying forward for 5 years

Applies only to child care centers qualified under the Mississippi Department of Human Services voluntary child care program, effective January 1, 2023