MS SB2611 | 2018 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 21 2018 - 100% progression
Action: 2018-02-21 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
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 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, 2022, 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.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-02-21 | Senate | Died In Committee |
2018-01-15 | Senate | Referred To Finance |
Mississippi State Sources
Type | Source |
---|---|
Summary | https://billstatus.ls.state.ms.us/2018/pdf/history/SB/SB2611.xml |
Text | https://billstatus.ls.state.ms.us/documents/2018/html/SB/2600-2699/SB2611IN.htm |