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MS SB2871
Bill
AI Summary
- Expands Mississippi's existing prekindergarten tax credit to include contributions to preschool programs serving children as young as three years old, effective January 1, 2026
- Individual, corporate, or entity contributions to qualified programs can receive a tax credit up to $1,000,000 per taxpayer
- Total annual statewide cap on qualifying donations is $32,000,000 (or the amount appropriated by the Legislature)
- Unused tax credit portions may be carried forward for three tax years
- Qualifying programs must be approved by the State Department of Education and contributions must be verified through receipts submitted to the Department of Revenue
Legislative Description
Preschool and prekindergarten tax credit; expand for contributions to programs serving three-year-old children.
Last Action
Died In Committee
2/25/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available