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HB 591

Income tax; provide a credit for taxpayers who claim a federal income child tax credit.

2026 Regular Session

Mississippi bill creates state income tax credit for federal child tax credit claimants, reducing state taxes for families with dependent children.

Referred To Ways and Means
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Bill Summary · HB 591

Legislative bill overview

HB 591 would establish a state income tax credit for Mississippi taxpayers who claim the federal child tax credit. The credit would provide tax relief at the state level that mirrors federal tax benefits for families with dependent children. This represents a state-level enhancement to federal child tax policy.

Why is this important

Child tax credits directly reduce taxes owed by families with dependents, effectively increasing their disposable income. For Mississippi—which has relatively lower median household incomes compared to national averages—this could provide meaningful financial relief to working families. The measure addresses whether the state should align its tax policy with federal family support mechanisms.

Potential points of contention

  • Revenue impact: The bill's cost to the state budget is undefined; how much tax revenue would be foregone depends on the credit's structure (percentage of federal credit, phase-out thresholds, etc.)
  • Income targeting: Unclear whether this benefits all taxpayers equally or includes income limits that could exclude higher-earning families or focus benefits on lower-income households
  • Alternative uses for revenue: Debate over whether forgoing this revenue serves state priorities better than other spending on education, infrastructure, or services for families

Compiled from official sources — confirm details with the bill’s official record.

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