AN ACT TO AMEND SECTION 27-7-22.48, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZES AN INCOME TAX CREDIT, INSURANCE PREMIUM TAX CREDIT AND AD VALOREM TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS MADE BY TAXPAYERS TO CERTAIN ELIGIBLE CHARITABLE ORGANIZATIONS THAT CONTRACT OR MAKE OTHER AGREEMENTS OR ARRANGEMENTS WITH HEALTH CARE PERSONNEL TO PROVIDE HEALTH CARE SERVICES TO LOW-INCOME RESIDENTS OF THIS STATE, TO REVISE THE DEFINITION OF THE TERM "ELIGIBLE CHARITABLE ORGANIZATION"; TO PROVIDE THAT A TAXPAYER WHO IS ALLOCATED A TAX CREDIT DURING A CALENDAR MAY USE THE CREDIT AGAINST INCOME TAXES AND INSURANCE PREMIUM TAXES IMPOSED FOR THE IMMEDIATELY PRECEDING TAXABLE YEAR, PROVIDED THAT THE TAXPAYER HAS NOT ALREADY FILED A RETURN FOR SUCH TAXES; TO PROVIDE THAT TAX CREDITS THAT WERE NOT ALLOCATED DURING CALENDAR YEAR 2023, MAY BE ALLOCATED DURING CALENDAR 2024; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-7-22.48
As Passed by the House: 27-7-22.48