Mississippi legislation · 2026 Regular Session
Mississippi SB2867: Income tax credit; revise for employers providing dependent child care or child care stipends.
Status: Signed into law, April 8, 2026
AN ACT TO AMEND SECTION 57-73-23, MISSISSIPPI CODE OF 1972, TO MODIFY THE CONDITIONS UNDER WHICH CERTAIN EMPLOYERS PROVIDING CHILD CARE STIPENDS MAY BE ELIGIBLE FOR AN INCOME TAX CREDIT UNDER THE SECTION; TO PROVIDE THAT THE CREDIT ALLOWED MAY NOT EXCEED $3,000.00 PER YEAR FOR EACH CHILD OF A PARTICIPATING EMPLOYEE; TO REVISE CERTIFICATION REQUIREMENTS EMPLOYERS MUST MEET; TO PROVIDE AN ANNUAL AGGREGATE CAP OF $1,000,000.00 ON CREDITS THAT MAY BE ALLOCATED UNDER THIS SECTION; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 57-73-23, mississippi code of 1972, to modify the conditions under which certain employers providing child care stipends may be eligible for an income tax credit under the section; to provide that the credit allowed may not exceed $3,000.00 per year for each child of a participating employee; to revise certification requirements employers must meet; to provide an annual aggregate cap of $1,000,000.00 on credits that may be allocated under this section; and for related purposes.
From the enrolled text, April 2, 2026:
AN ACT TO AMEND SECTION 57-73-23, MISSISSIPPI CODE OF 1972, TO MODIFY THE CONDITIONS UNDER WHICH CERTAIN EMPLOYERS PROVIDING CHILD CARE STIPENDS MAY BE ELIGIBLE FOR AN INCOME TAX CREDIT UNDER THE SECTION; TO PROVIDE THAT THE CREDIT ALLOWED MAY NOT EXCEED $3,000.00 PER YEAR FOR EACH CHILD OF A PARTICIPATING EMPLOYEE; TO REVISE CERTIFICATION REQUIREMENTS EMPLOYERS MUST MEET; TO PROVIDE AN ANNUAL AGGREGATE CAP OF $1,000,000.00 ON CREDITS THAT MAY BE ALLOCATED UNDER THIS SECTION; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 57-73-23, Mississippi Code of 1972, is amended as follows: 57-73-23. (1) A fifty percent (50%) income tax credit shall be granted to any employer providing dependent care for employees during the employee's work hours, and to any employer who provides a child care stipend of at least * * * Two Thousand Dollars ($2,000.00) per child for direct payments made to a licensed or registered entity providing dependent child care in the State of Mississippi for an employee's children during the employee's work hours. The credit allowed may not exceed Three Thousand Dollars ($3,000.00) per year for each child of a participating employee. *SS26/R773CS* S. B. No. 2867 ~ OFFICIAL ~ R3/5 26/SS26/R773CS PAGE (2) In order for an employer who provides a child care stipend …