Mississippi legislation · 2026 Regular Session
Mississippi SB3110: Tax credits; authorize for contributions by certain taxpayers to certain hospitals.
Status: Signed into law, April 13, 2026
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT, INSURANCE PREMIUM TAX CREDIT AND AD VALOREM TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS BY CERTAIN TAXPAYERS TO CERTAIN ELIGIBLE HOSPITALS; TO PROVIDE THE CRITERIA THAT A HOSPITAL MUST MEET IN ORDER FOR A CONTRIBUTION TO THE HOSPITAL TO QUALIFY FOR THE TAX CREDIT AUTHORIZED BY THIS ACT; TO LIMIT THE AMOUNT OF THE CREDIT; 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; AND FOR RELATED PURPOSES.
What the bill says
An act to authorize an income tax credit, insurance premium tax credit and ad valorem tax credit for voluntary cash contributions by certain taxpayers to certain eligible hospitals; to provide the criteria that a hospital must meet in order for a contribution to the hospital to qualify for the tax credit authorized by this act; to limit the amount of the credit; 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; and for related purposes.
From the enrolled text, April 2, 2026:
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT, INSURANCE PREMIUM TAX CREDIT AND AD VALOREM TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS BY CERTAIN TAXPAYERS TO CERTAIN ELIGIBLE HOSPITALS; TO PROVIDE THE CRITERIA THAT A HOSPITAL MUST MEET IN ORDER FOR A CONTRIBUTION TO THE HOSPITAL TO QUALIFY FOR THE TAX CREDIT AUTHORIZED BY THIS ACT; TO LIMIT THE AMOUNT OF THE CREDIT; 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; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) For the purposes of this section, "eligible hospital" means general acute-care hospitals or rural emergency hospitals that have forty-nine (49) or fewer licensed inpatient beds and have an Emergency Department that provides emergency services twenty-four (24) hours a day for each day of a week. In addition, in order to be an "eligible hospital," a hospital must engage, or have already engaged, either independently or jointly with one or more other hospitals, a healthcare consulting firm with expertise and experience in operational and financial optimization of hospitals. The consulting firm will advise and assist in developing an initial strategic plan for the hospital *SS08/R1050SG* S. B. No. 3110 ~ OFFICIAL ~ …