HB257

Mississippi HB257 would authorize income tax credits for child care expenses, donations to child care centers, and for teachers and directors of such.

Mississippi HB257 would authorize an income tax credit for taxpayers who incur child care expenses for a dependent child attending a qualified child care center. It would also allow a credit for taxpayers who donate funds to a qualified child care center and for teachers or directors employed at such centers. The credit for child care expenses is limited to families with income not exceeding 400% of the federal poverty level. The credit for donations is capped at $5,000. The credit for teachers and directors varies based on the type of center and the number of children attending.