HB4058

Mississippi HB4058 revises tax credit provisions for employers providing child care for employees.

Mississippi HB4058 amends the income tax credit for employers who provide dependent care for employees during work hours. Employers can receive a 50% credit for either directly providing child care or contracting with a licensed or registered entity. The bill specifies that the credit applies to the net cost of contracts or expenses related to dependent care staff, materials, and activities. It also limits the credit to $3,000 per child per year.