Mississippi legislation · 2026 Regular Session
Mississippi HB1944: Taxation; revise credits authorized for contributions to certain eligible charitable organizations.
Status: Signed into law, April 8, 2026
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.
What the bill says
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…
From the enrolled text, April 1, 2026:
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. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 27-7-22.41, Mississippi Code of 1972, is amended as follows: 27-7-22.41. (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. *HR26/R2399SG* H. B. No. 1944 ~ OFFICIAL ~ R3/5 26/HR26/R2399SG …