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HB 1945MISSISSIPPISession 2026State Billdead

Did Not Advance

Mississippi HB 1945 authorizes business income tax credits for charitable contributions and raises annual credit cap to $3 million

Original title: Income tax; authorize a credit for contributions by certain taxpayers to certain charitable organizations.

Last action · March 17, 2026: 03/17 (S) Died In CommitteeSponsor: Donnie Bell

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Proposed

House Bill 1945 extends state income tax credits for voluntary cash contributions to qualifying charitable organizations to business enterprises starting January 1, 2026, and increases the aggregate annual statewide cap on these tax credits from $1 million to $3 million.

Why it matters

Mississippi businesses gain the ability to claim up to $2,400 in state income tax credits annually for qualifying donations, while the total pool of available state tax credits expands by $2 million per year.

Background

Mississippi previously authorized income and ad valorem tax credits for individual taxpayer contributions to qualifying charitable and foster care organizations up to an aggregate annual cap of $1 million. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

business enterprises

Eligible corporations, limited liability companies, partnerships, and sole proprietorships gain the option to claim state income tax credits for charitable donations up to $2,400 annually starting in 2026.

Directly affected

qualifying charitable organizations

Organizations that meet state criteria and provide written certification under penalty of perjury become eligible to receive contributions that qualify donors for state tax credits.

Directly affected

low-income residents and vulnerable children

Individuals receiving basic needs assistance, TANF benefits, or foster care services are impacted by changes to funding incentives for charitable organizations serving them.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Which businesses are eligible for the new charitable tax credit?

Business enterprises engaged in commercial, industrial, or professional activities operating as a corporation, limited liability company, partnership, or sole proprietorship are eligible.

What is the maximum tax credit a business can receive?

The credit is limited to the lesser of $2,400 or the exact amount of the voluntary cash contribution made by the business in the taxable year.

Does the bill change the tax credit rules for individual taxpayers?

The bill primarily adds business contributions starting in 2026 and adjusts the overall statewide aggregate cap on credits to $3 million, while maintaining existing definitions and qualification structures for charitable organizations.

What else do you want to know?

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Where This Stands

This bill did not become law - Died in committee.

Procedural history

7 actions

Mar 17, 2026Senate
03/17 (S) Died In Committee
Mar 4, 2026SenateCommittee
03/04 (S) Referred To Finance
Feb 26, 2026House
02/26 (H) Transmitted To Senate
Feb 25, 2026HouseFloor
02/25 (H) Passed As Amended
Feb 25, 2026House
02/25 (H) Amended
Feb 24, 2026HouseCommittee
02/24 (H) Title Suff Do Pass

Show 1 earlier action

Feb 16, 2026HouseCommittee
02/16 (H) Referred To Ways and Means

Version history

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