2025 Regular SessionMississippi Legislature

SB2253: Mississippi Workforce Housing Tax Credit Act; enact.

Legislative Summary

An Act To Enact The Mississippi Workforce Housing Tax Credit Act; To Provide A Tax Credit Against Mississippi State Income Tax, Franchise Tax Or Insurance Premium Tax Liability For Eligible Investors In Workforce House Projects Approved By The Mississippi Home Corporation; To Establish Standards For Qualified Projects And The Tax Credit To Be Administered By The Mississippi Home Corporation; To Provide That State Credits Shall Not Exceed Applicable Federal Housing Tax Credits And To Establish A State Cap For The Credits; To Provide For The Carryover Of Unused Credits; To Require Review Of The Program; And For Related Purposes.

Demographic Impact

Overall analysis of equity impact

70% Positive
High ConfidenceView detailed demographic breakdown ↓

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Bill History

1/20/2025
Referred To Housing;Finance
Senate
2/3/2025
DR - TSDP: HO To FI
Senate
2/26/2025
Died In Committee
Senate

Status Information

Current Status
Failed(2/26/2025)
Chamber
Senate

Sponsors

Democrat: 1

Primary Sponsor

John Horhn
John Horhn
Democrat

Documents

Introduced
Bill Text1/21/20258.0 KB