MS SB2996 | 2025 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 26 2025 - 100% progression
Action: 2025-02-26 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 26 2025 - 100% progression
Action: 2025-02-26 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Authorize A Credit Against Income And Insurance Premium Taxes For Voluntary Cash Contributions By Certain Business Enterprises To Certain Tax-exempt Organizations Operating As Members Of A Statewide Alliance, Offering Programs To Advance Mississippi Youth In Education Achievement, Physical Development And Social/emotional Development While Also Supporting Workforce Development; To Authorize A Credit Against Ad Valorem Taxes On Real Property For Such Contributions By Certain Business Organizations Not Operating As Corporations; To Limit The Amount Of The Credits; To Allow Excess Amounts Of The Credit To Be Carried Forward For Five Consecutive Years; And For Related Purposes.
Title
Tax credits; authorize for business taxpayer contributions to certain charitable organizations.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-26 | Senate | Died In Committee |
| 2025-02-12 | Senate | Referred To Finance |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB2996.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2025/html/SB/2900-2999/SB2996IN.htm |
