HB 1944: Taxation; revise credits authorized for contributions to certain eligible charitable organizations.

Summary

An Act To Amend Section 27-7-22.41, Mississippi Code Of 1972, Which Provides An Income Tax Credit, Insurance Premium Tax Credit And Ad Valorem Tax Credit For Contributions Made By Certain Taxpayers To Certain Eligible Charitable Organizations, To Include Within The Definition Of "eligible Charitable Organization" A Special-purpose School As Defined By The State Department Of Education That Is Organized To Serve Students With Physical, Intellectual, Developmental Or Emotional Disabilities And That Is Not For Profit; To Provide The Maximum Aggregate Amount Of Tax Credits That May Be Allocated By The Department Of Revenue Annually For Contributions To Such Schools; To Provide The Maximum Amount Of Credits That May Be Allocated Annually For Contributions To Any Single Eligible Charitable Organization And/or School Location; To Reduce The Percentage Of Credits That May Be Allocated To A Single Educational Services Charitable Organization Certified By The Department Of Revenue During A Calendar Year; And For Related Purposes.

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Apr 8, 2026

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