Mississippi House Bill 989: Income tax and ad valorem tax; authorize credit for contributions to certain hospitals.

Mississippi · 2026 Regular Session

What it does

An Act To Authorize An Income Tax Credit For Voluntary Cash Contributions By Taxpayers To Rural Hospitals; To Authorize An Ad Valorem Tax Credit For Voluntary Cash Contributions By Individual Taxpayers To Rural Hospitals; To Limit The Amount Of The Tax Credits; To Provide That Unused Portions Of A Credit May Be Carried Forward For Five Consecutive Years From The Close Of The Tax Year In Which The Credit Was Earned; To Provide That Contributions For Which Credits Are Claimed Under This Act May Not Be Used As Deductions For State Tax Purposes; To Provide The Criteria That A Hospital Must Meet In Order For A Contribution To The Hospital To Qualify For The Credit Authorized By This Act; And For Related Purposes.

Latest action

Died In Committee (2026-02-25)

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