2025 Regular SessionMississippi Legislature

HB250: Income tax; authorize a credit for contributions made to certain hospitals.

Legislative Summary

An Act To Authorize An Income Tax Credit For Voluntary Cash Contributions By Taxpayers To Rural Hospitals; To Limit The Amount Of The Credit; To Provide That Unused Portions Of A Credit May Be Carried Forward For Five Consecutive Years From The Close Of The Tax Year In Which The Credit Was Earned; To Provide That Contributions For Which Credits Are Claimed Under This Act May Not Be Used As Deductions For State Tax Purposes; To Provide The Criteria That A Hospital Must Meet In Order For A Contribution To The Hospital To Qualify For The Credit Authorized By This Act; And For Related Purposes.

Demographic Impact

Overall analysis of equity impact

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Bill History

1/10/2025
Referred To Ways and Means
House of Representatives
2/26/2025
Died In Committee
House of Representatives

Status Information

Current Status
Failed(2/26/2025)
Chamber
House of Representatives

Sponsors

Republican: 1

Primary Sponsor

Lee Yancey
Lee Yancey
Republican

Documents

Introduced
Bill Text1/10/202516.5 KB