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MS SB2867
Bill
AI Summary
- Employers providing on-site dependent care or child care stipends to employees receive a 50% income tax credit
- Minimum child care stipend reduced from $6,000 to $2,000 per child for direct payments to licensed Mississippi child care providers
- Maximum tax credit capped at $3,000 per year for each child of a participating employee
- Employers must certify employee names, stipend amounts, and child care provider license/registration information from the State Department of Health Registry to the Department of Revenue
- Annual aggregate cap of $1,000,000 established for total credits allocated under this program statewide
Legislative Description
Income tax credit; revise for employers providing dependent child care or child care stipends.
Last Action
Title Suff Do Pass As Amended
3/16/2026
Committee Referrals
Ways and Means2/26/2026
Finance1/19/2026
Full Bill Text
No bill text available