MS SB3044 | 2018 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on February 21 2018 - 100% progression
Action: 2018-02-21 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Authorize Separate Income Tax Credits For Voluntary Cash Contributions To Qualifying Charitable Organizations And Qualifying Foster Care Charitable Organizations; To Limit The Amount Of Such Credits; To Allow Excess Amounts Of The Credit To Be Carried Forward For Five Consecutive Years; To Provide That The Credits Authorized By This Act Are In Lieu Of Charitable Deductions Taken Under The Internal Revenue Code And Utilized For State Tax Purposes; To Provide The Criteria That A Charitable Organization Must Meet In Order For A Contribution To The Organization To Qualify For The Credit; To Amend Section 27-7-22.32, Mississippi Code Of 1972, To Revise The Amount Of The Tax Credit Authorized For Expenses Incurred For The Adoption Of A Child And To Revise The Number Of Years That The Unused Portion Of The Tax Credit May Be Carried Forward; And For Related Purposes.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2018-02-21SenateDied In Committee
2018-02-16SenateReferred To Finance

Mississippi State Sources


Bill Comments

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