HB1902: Taxation; revise various tax credits.

Legislative Summary

An Act To Amend Section 27-7-22.41, Mississippi Code Of 1972, Which Provides An Income Tax Credit, Insurance Premium Tax Credit And Ad Valorem Tax Credit For Contributions Made By Certain Taxpayers To Certain Eligible Charitable Organizations, To Increase The Maximum Aggregate Amount Of Tax Credits That May Be Allocated By The Department Of Revenue Under This Section During A Calendar Year; To Revise Certain Provisions Relating To The Ad Valorem Tax Credit For Contributions Made To Such Organizations; To Amend Section 57-105-1, Mississippi Code Of 1972, To Extend Until July 1, 2029, The Date After Which The Mississippi Development Authority Shall Not Allocate Income Tax And Insurance Premium Tax Credits For Taxpayers Holding Certain Qualified Investments; To Amend Sections 27-7-22.37, 27-7-22.43, 27-7-22.47 And 27-7-22.48, Mississippi Code Of 1972, Which Authorize Various Tax Credits For Contributions To Certain Organizations Or Entities, To Reduce The Amount Of Credits That May Be Allocated Or Claimed Under Such Sections During A Calendar Year; And For Related Purposes.