Income tax; authorize credit for certain child care expenses, child care centers and child care teachers and directors.

HB 113 establishes three refundable income tax credits in Mississippi. Parents paying child care expenses for a dependent child under six at a certified center (for at least eight months) may claim a $750 credit per child, with refunds if income is below 250% of the federal poverty level. Certified child care centers can claim credits up to $15,000 (standard) or $20,000 (comprehensive) based on average monthly enrollment, while teachers/directors qualify for $750 or $1,000 annual credits depending on center type. The bill takes effect January 1, 2026, and applies to tax years beginning after that date.