MS SB2335

Allows employers a 50% income tax credit for providing dependent care to employees during work hours, including direct payments to licensed or registered entities in Mississippi on behalf of employees.

Limits the credit to a maximum of $3,000 per participating employee per year.

Requires employers making direct payments to retain documentation including the entity's federal identification and license/registration numbers, payment amounts, and employee names.

Specifies that dependent care facilities must be located in Mississippi and meet licensing requirements or serve specific categories of dependents (children under 12, elderly adults, children 12-18, or individuals with disabilities).

Transfers certification authority from the Mississippi Department of Health and State Tax Commission to the Mississippi Department of Revenue, effective July 1, 2023.