MS SB2379

Authorizes the Department of Human Services to make monthly payments to grandparents who assume primary care of their grandchildren, up to 100% of the foster care board payment amount, without requiring the grandparent to establish legal custody.

Requires grandparents to submit a written application and comply with department training requirements to receive monthly support payments for grandchild care.

Creates a state income tax credit of up to $2,500 per grandchild for qualified expenses paid or incurred by a taxpayer legally caring for a grandchild during calendar year 2024 or thereafter.

Allows unused tax credits to carry forward for three succeeding tax years and permits the credit to be claimed in the same year an exemption is claimed for the grandchild under Section 27-7-21(e).

Effective date is July 1, 2024; Department of Revenue shall promulgate rules defining "qualified expenses" for purposes of the tax credit.