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MS SB2472
Bill
AI Summary
- Allows Mississippi taxpayers a state income tax credit equal to the federal household and dependent care services credit under Internal Revenue Code Section 21
- Credit applies to household and dependent care services expenses that are necessary for gainful employment
- Codifies the credit provision in Title 27, Chapter 7 of the Mississippi Code
- Takes effect January 1, 2024
Legislative Description
Income tax; authorize a credit for dependent care equal to that allowed for federal income tax purposes.
Last Action
Died In Committee
3/27/2024
Committee Referrals
Finance2/16/2024
Full Bill Text
No bill text available