Mississippi legislation · 2026 Regular Session
Mississippi HB395: Income tax and ad valorem tax; increase limit on amount of credits that may be allocated for certain contributions to certain charitable and foster care organizations.
Status: Failed, February 25, 2026
AN ACT TO AMEND SECTION 27-7-22.39, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF INCOME TAX CREDITS AND AD VALOREM TAX CREDITS THAT MAY BE ALLOCATED BY THE DEPARTMENT OF REVENUE DURING A CALENDAR YEAR FOR VOLUNTARY CASH CONTRIBUTIONS BY INDIVIDUAL TAXPAYERS TO QUALIFYING CHARITABLE ORGANIZATIONS AND TO QUALIFYING FOSTER CARE CHARITABLE ORGANIZATIONS; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 27-7-22.39, mississippi code of 1972, to increase the amount of income tax credits and ad valorem tax credits that may be allocated by the department of revenue during a calendar year for voluntary cash contributions by individual taxpayers to qualifying charitable organizations and to qualifying foster care charitable organizations; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 27-7-22.39, MISSISSIPPI CODE OF 1972, TO INCREASE THE AMOUNT OF INCOME TAX CREDITS AND AD VALOREM TAX CREDITS THAT MAY BE ALLOCATED BY THE DEPARTMENT OF REVENUE DURING A CALENDAR YEAR FOR VOLUNTARY CASH CONTRIBUTIONS BY INDIVIDUAL TAXPAYERS TO QUALIFYING CHARITABLE ORGANIZATIONS AND TO QUALIFYING FOSTER CARE CHARITABLE ORGANIZATIONS; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 27-7-22.39, Mississippi Code of 1972, is amended as follows: 27-7-22.39. (1) As used in this section: (a) "Low-income residents" means persons whose household income is less than one hundred fifty percent (150%) of the federal poverty level. (b) "Qualifying charitable organization" means a charitable organization that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code or is a designated community action agency that receives community services block grant program monies pursuant to 42 USC 9901. The organization must spend at least fifty percent (50%) of its budget on services to residents of this state who receive temporary *HR43/R1144* H. B. No. 395 ~ OFFICIAL ~ R3/5 26/HR43/R1144 PAGE 1 (BS\KP) assistance for needy families benefits or low-income residents of this state and their households or to children who have a chronic illness or physical, intellectual, developmental or emotional disability who are residents of …
Sponsors
- Blackwell, Charles (R, 88) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Ways and Means
Subjects: Income tax and ad valorem tax
Common questions
- What is HB395?
- HB395 is a bill in the Mississippi Legislature (2026 Regular Session): Income tax and ad valorem tax; increase limit on amount of credits that may be allocated for certain contributions to certain charitable and foster care organizations.
- What does HB395 do?
- In its own words: An act to amend section 27-7-22.39, mississippi code of 1972, to increase the amount of income tax credits and ad valorem tax credits that may be allocated by the department of revenue during a calendar year for voluntary cash contributions by individual taxpayers to qualifying charitable organizations and to qualifying foster care charitable organizations; and for related purposes.
- What is the status of HB395?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored HB395?
- Blackwell, Charles (R, 88).
- Where is the official record for HB395?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0395.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.