SB2867

Mississippi SB2867 revises income tax credits for employers providing dependent child care or stipends.

Mississippi SB2867 amends Section 57-73-23 of the Mississippi Code to modify eligibility for income tax credits for employers providing dependent child care or child care stipends. Employers can receive a 50% income tax credit for expenses related to providing dependent care during work hours or for stipends of at least $2,000 per child to licensed or registered entities. The credit is limited to $3,000 per year per child. Employers must certify certain information to the Department of Revenue to qualify for the credit. The act takes effect from July 1, 2026.