MS HB202

Creates a Mississippi state income tax credit of $1,200 per child for taxpayers who claim the federal child tax credit under 26 USCS Section 24

Credit amount cannot exceed the taxpayer's total state income tax liability for the year

Unused portions of the credit may be carried forward for five consecutive years

Taxpayers must provide a copy of their federal income tax return and any other information required by the Department of Revenue to claim the credit

Effective January 1, 2026