SB2866 is a bill in the Mississippi Legislature (2026 Regular Session): Income tax; authorize a credit for contributions to certain charitable organizations.

What is the status of SB2866?

Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).

Where is the official record for SB2866?

On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2866.xml

Mississippi legislation · 2026 Regular Session

Mississippi SB2866: Income tax; authorize a credit for contributions to certain charitable organizations.

Q: What does SB2866 do?

In its own words: An act to authorize an income tax credit for voluntary cash contributions by taxpayers to qualifying charitable organizations; to limit the amount of the tax credit; to provide that unused portions of a tax credit may be carried forward for five consecutive years from the close of the tax year in which the credit was earned; to provide the criteria that a qualifying charitable organization must meet in order for a contribution to the organization to qualify for a tax credit authorized by this act; and for related purposes.

Status: Failed, February 25, 2026

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS BY TAXPAYERS TO QUALIFYING CHARITABLE ORGANIZATIONS; TO LIMIT THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THAT UNUSED PORTIONS OF A TAX CREDIT MAY BE CARRIED FORWARD FOR FIVE CONSECUTIVE YEARS FROM THE CLOSE OF THE TAX YEAR IN WHICH THE CREDIT WAS EARNED; TO PROVIDE THE CRITERIA THAT A QUALIFYING CHARITABLE ORGANIZATION MUST MEET IN ORDER FOR A CONTRIBUTION TO THE ORGANIZATION TO QUALIFY FOR A TAX 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 qualifying charitable organizations; to limit the amount of the tax credit; to provide that unused portions of a tax credit may be carried forward for five consecutive years from the close of the tax year in which the credit was earned; to provide the criteria that a qualifying charitable organization must meet in order for a contribution to the organization to qualify for a tax credit authorized by this act; and for related purposes.

From the introduced text:

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS BY TAXPAYERS TO QUALIFYING CHARITABLE ORGANIZATIONS; TO LIMIT THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THAT UNUSED PORTIONS OF A TAX CREDIT MAY BE CARRIED FORWARD FOR FIVE CONSECUTIVE YEARS FROM THE CLOSE OF THE TAX YEAR IN WHICH THE CREDIT WAS EARNED; TO PROVIDE THE CRITERIA THAT A QUALIFYING CHARITABLE ORGANIZATION MUST MEET IN ORDER FOR A CONTRIBUTION TO THE ORGANIZATION TO QUALIFY FOR A TAX 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 subsection unless the context clearly indicates otherwise: (a) "Department" means the Department of Revenue. (b) "Qualifying charitable organization" means a charitable organization that (i) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and (ii) each operating year provides services to at least fifteen (15) qualified individuals in this state and spends at least fifty percent (50%) of its budget on services to qualified individuals in this state. A charitable organization that is exempt from *SS36/R1262* S. B. No. 2866 ~ OFFICIAL ~ R3/5 26/SS36/R1262 PAGE 1 (icj\tb) federal income tax under Section 501(c)(3) …

Mississippi SB2866: Income tax; authorize a credit for contributions to certain charitable organizations.

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