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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB592 • 2026

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

AN ACT TO PROVIDE A STATE INCOME TAX CREDIT FOR TAXPAYERS CLAIMING THE FEDERAL EARNED INCOME TAX CREDIT; TO PROVIDE THE AMOUNT OF THE CREDIT; TO PROVIDE THAT IF THE AMOUNT OF CREDIT CLAIMED BY A TAXPAYER EXCEEDS THE AMOUNT OF INCOME TAX IMPOSED UPON THE TAXPAYER FOR THE TAXABLE YEAR, THEN THE TAXPAYER SHALL RECEIVE A REFUND FROM THE DEPARTMENT OF REVENUE FOR THE AMOUNT OF SUCH EXCESS; AND FOR RELATED PURPOSES.

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Summers
Last action
2026-02-25
Official status
Dead
Effective date
January 1,

Plain English Breakdown

The official source material confirms the creation of a refundable credit and the requirement for proof of federal EITC claim.

State Income Tax Credit for Earned Income

This bill creates a state income tax credit equal to five percent of the federal earned income tax credit for Mississippi taxpayers who claim it.

What This Bill Does

  • Creates a refundable state income tax credit equal to five percent (5%) of the amount of the federal earned income tax credit claimed by a taxpayer.
  • Requires taxpayers claiming this new state credit to provide proof of their federal earned income tax credit on their federal income tax return.
  • Allows taxpayers who have more credits than taxes owed to receive a refund from the Department of Revenue for the difference.

Who It Names or Affects

  • Mississippi taxpayers who claim the federal earned income tax credit.

Terms To Know

Earned Income Tax Credit (EITC)
A program that gives money back to people with low or moderate incomes, especially those who work but earn less than a certain amount.
Refundable credit
A tax benefit where the government sends you money if your credits are more than what you owe in taxes.

Limits and Unknowns

  • The bill did not pass and was not signed into law.
  • It is unclear how many taxpayers would be affected by this credit.

Bill History

  1. 2026-02-25 Mississippi Legislative Bill Status System

    02/25 (H) Died In Committee

  2. 2026-01-13 Mississippi Legislative Bill Status System

    01/13 (H) Referred To Ways and Means

Official Summary Text

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

Current Bill Text

Read the full stored bill text 
H. B. No. 592 *HR43/R1590* ~ OFFICIAL ~ R3/5
26/HR43/R1590
PAGE 1 (BS\KP)

To: Ways and Means
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Representative Summers

HOUSE BILL NO. 592

AN ACT TO PROVIDE A STATE INCOME TAX CREDIT FOR TAXPAYERS 1
CLAIMING THE FEDERAL EARNED INCOME TAX CREDIT; TO PROVIDE THE 2
AMOUNT OF THE CREDIT; TO PROVIDE THAT IF THE AMOUNT OF CREDIT 3
CLAIMED BY A TAXPAYER EXCEEDS THE AMOUNT OF INCOME TAX IMPOSED 4
UPON THE TAXPAYER FOR THE TAXABLE YEAR, THEN THE TAXPAYER SHALL 5
RECEIVE A REFUND FROM THE DEPARTMENT OF REVENUE FOR THE AMOUNT OF 6
SUCH EXCESS; AND FOR RELATED PURPOSES. 7
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 8
SECTION 1. (1) Any taxpayer allowed to claim a federal 9
earned income tax credit under 26 USCS Section 32, shall be 10
allowed a refundable credit against the taxes imposed under this 11
chapter in the manner prescribed in this section. The amount of 12
the credit shall be equal to five percent (5%) of the amount of 13
the federal credit allowed under 26 USCS Section 32 claimed by the 14
taxpayer on the taxpayer's federal income tax return. If the 15
amount of credit claimed by a taxpayer exceeds the amount of 16
income tax imposed upon the taxpayer for the taxable year reduced 17
by the sum of all other credits allowable to the taxpayer under 18
the state income tax laws, except credit for tax payments made by 19
or on behalf of the taxpayer, then the taxpayer shall receive a 20
H. B. No. 592 *HR43/R1590* ~ OFFICIAL ~
26/HR43/R1590
PAGE 2 (BS\KP)
ST: Income tax; provide a credit for taxpayers
who claim a federal earned income tax credit.
refund from the Department of Revenue for the amount of such 21
excess. 22
(2) To obtain the credit provided for in this section, a 23
taxpayer must claim the federal credit allowed under 26 USCS 24
Section 32 on the taxpayer's federal income tax return and must 25
provide a copy of such return and any other information required 26
by the Department of Revenue. 27
SECTION 2. Section 1 of this act shall be codified as a new 28
section in Chapter 7, Title 27, Mississippi Code of 1972. 29
SECTION 3. Nothing in this act shall affect or defeat any 30
claim, assessment, appeal, suit, right or cause of action for 31
taxes due or accrued under the income tax laws before the date on 32
which this act becomes effective, whether such claims, 33
assessments, appeals, suits or actions have been begun before the 34
date on which this act becomes effective or are begun thereafter; 35
and the provisions of the income tax laws are expressly continued 36
in full force, effect and operation for the purpose of the 37
assessment, collection and enrollment of liens for any taxes due 38
or accrued and the execution of any warrant under such laws before 39
the date on which this act becomes effective, and for the 40
imposition of any penalties, forfeitures or claims for failure to 41
comply with such laws. 42
SECTION 4. This act shall take effect and be in force from 43
and after January 1, 2026. 44