MS HB1430 | 2019 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on March 19 2019 - 100% progression
Action: 2019-03-19 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

An Act To Create The "endow Mississippi Program" To Promote Philanthropic Investments In Local Community Development Programs By Providing A Tax Credit For Charitable Gifts Made By Taxpayers To Endowed Funds Held By Community Foundations In Mississippi; To Provide That The Tax Credit Shall Be 25% Of A Qualified Contribution To An Endowed Fund At A Qualified Community Foundation Subject To Certain Requirements; To Provide That The Aggregate Amount Of Tax Credits Authorized Under This Act Shall Not Exceed $500,000.00 In Any One Calendar Year; To Provide That From And After January 1, 2024, No Credits May Be Authorized Under This Act; And For Related Purposes.

Tracking Information

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Title

Income tax; authorize a tax credit for contributions to certain endowed funds held by community foundations.

Sponsors


Roll Calls

2019-02-26 - House - House Passed (Y: 114 N: 2 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2019-03-19SenateDied In Committee
2019-02-28SenateReferred To Finance
2019-02-27HouseTransmitted To Senate
2019-02-26HousePassed
2019-02-20HouseTitle Suff Do Pass
2019-01-21HouseReferred To Ways and Means

Mississippi State Sources


Bill Comments

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