Tax credit available for donation to early learning collabor

Tax credit available for donation to early learning collaboratives


Tax credit available for donation to early learning collaboratives
Tax credit available for donation to early learning collaboratives
By Caroline Wood | December 14, 2020 at 9:24 PM CST - Updated December 14 at 10:17 PM
HATTIESBURG, Miss. (WDAM) - The Early Learning Collaborative Act of 2013 established the ELC program in Mississippi.
Part of the bill allows for a tax credit for anyone who donates to a state-funded early learning collaborative. The state of Mississippi has 18 of them, one being in the Hattiesburg Public School District.
The one-for-one tax credit has a $1 million ceiling.
“So much was focused on the first-ever state funding that would go into Pre-K,” said Hattiesburg Mayor Toby Barker. “And so as of this year, it’s $7.9 million per year. Well, another part of that bill was to create a tax credit. Over the course of two years, the $2.1 million dollars that Hattiesburg will get, it has to match that with $2.1 million.”

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