Income tax; implement pilot program authorizing credit for educational expenses, awarded by lottery system.

Summary

The bill would let Mississippi parents or legal guardians claim a tax credit of up to $2,500 per K‑12 student for qualified school costs, but only if they are selected in a state‑run lottery. Unused credit could be carried forward for five years, and the total credits awarded each year would be capped at $20 million. The program was limited to expenses incurred in 2026 and never passed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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