Income tax; authorize a credit for contributions by certain taxpayers to certain charitable organizations.

Summary

The bill would let Mississippi taxpayers claim a credit on their state income tax for cash donations to certain nonprofit charities, including special credits for foster‑care charities. Credit amounts would be up to $1,200 for single filers and $2,400 for joint filers, with additional ad‑valorem property‑tax credits that can be carried forward. The measure targets organizations that serve low‑income residents or children in foster care and excludes groups that fund abortions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share