MS HB1485 | 2018 | Regular Session

Mississippi House Bill 1485 (Prior Session Legislation)

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
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 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, 2023, No Credits May Be Authorized Under This Act; And For Related Purposes.

Title

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

History

Date	Chamber	Action
2018-02-21	House	Died In Committee
2018-01-15	House	Referred To Ways and Means

Mississippi State Sources

Type	Source
Summary	https://billstatus.ls.state.ms.us/2018/pdf/history/HB/HB1485.xml
Text	https://billstatus.ls.state.ms.us/documents/2018/html/HB/1400-1499/HB1485IN.htm