House Bill 4058
Childcare Income Tax Credit
Creates a maximum stipend of $3,000 for the employer childcare tax credit and brings forth code sections.
- Committees: Ways and Means
- Author: Donnie Bell
- Session: 2026
On Feburary 23, HB 4058 was referred to the House Ways and Means Committee.
Explanation of the Bill
House Bill 4058 amends Section 57-73-23 of the Mississippi Code to revise the employer-provided child care tax credit. The bill caps the credit at up to $3,000 per year per child and adjusts the required stipend amount employers must provide to a minimum of $2,000 in order to qualify. Previously, employers had to provide a stipend valued at a minimum of $6,000.
House Bill 4058 clears up existing statute to ensure that stipends are used to support licensed or registered childcare programs.
Additionally, House Bill 4058 brings forth the code sections governing the Mississippi Office of Workforce Development (Accelerate MS) and the Mississippi State Workforce Investment Board. Presumably, these code sections would be used in the event that Senate Bill 2419 dies (see our analysis here).
If enacted, House Bill 4058 would make it more affordable for employers to provide a childcare stipend to their employees. At the same time, capping the credit at $3,000 per child may limit the financial impact for employers and families, and the overall effect will depend on employer uptake and the cost of child care in different regions of the state.
Two similar bills, Senate Bill 2867 and House Bill 4039 are also making their way through the legislative process.
Updates to the Bill
On Feburary 23, HB 4058 was referred to the House Ways and Means Committee.