Mississippi legislation · 2026 Regular Session
Mississippi HB989: Income tax and ad valorem tax; authorize credit for contributions to certain hospitals.
Status: Failed, February 25, 2026
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.
What the bill says
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…
From the introduced text:
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. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) For the purposes of this section, the following words and phrases shall have the meanings ascribed in this section unless the context clearly indicates otherwise: (a) "Department" means the Department of Revenue. (b) "Rural hospital" means a licensed general acute care hospital that has two hundred (200) or fewer licensed beds and is located in a county defined as rural by the Federal Office of Rural Health Policy. (c) "Voluntary cash contribution" means a cash contribution made to a rural hospital by the …