Statutes, codes, and regulations
Mississippi Administrative Code
Title 35 - Department of RevenuePart 10 - Economic Development
Chapter 07 - Child/Dependent Care Credit
Section 35-10-07-104

35 Miss. Code. R. 10-07-104

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Current through October 31, 2024
Section 35-10-07-104

Any unused credit may be carried over for 5 years. An expense cannot be used both as a deduction and as the basis for a credit. Any expense used in computing the allowable credit cannot be taken as a deduction. The expense must be added back to Mississippi taxable income.

35 Miss. Code. R. 10-07-104