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MS HB4039

Bill

Official Source

Status

Engrossed

2/25/2026

Primary Sponsor

John Lamar

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Reduces the minimum child care stipend employers must provide from $6,000 to $2,000 per child to qualify for the 50% income tax credit
  • Caps the tax credit at $3,000 per year for each child of a participating employee
  • Creates an alternative rebate option allowing taxpayers to claim 75% of the eligible credit amount instead of the tax credit
  • Limits individual taxpayer credits and rebates to a combined maximum of $50,000 per taxable year
  • Establishes a statewide cap of $5,000,000 in total credits and rebates that may be awarded in any single taxable year, effective January 1, 2026

Legislative Description

Income tax; revise credit for employers providing dependent/child care for employees.

Last Action

Title Suff Do Pass As Amended

3/10/2026

Committee Referrals

Finance3/4/2026
Ways and Means2/23/2026

Full Bill Text

No bill text available