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HB 989

Mississippi - Session 2026

House failed 2026-02-25
Bill Details

Title: Income tax and ad valorem tax; authorize credit for contributions to certain hospitals.

Summary

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS BY TAXPAYERS TO RURAL HOSPITALS; TO AUTHORIZE AN AD VALOREM TAX CREDIT FOR VOLUNTARY CASH CONTRIBUTIONS BY INDIVIDUAL TAXPAYERS TO RURAL HOSPITALS; TO LIMIT THE AMOUNT OF THE TAX CREDITS; 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.

Sponsor
Lee Yancey
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-01-16 Introduced Bill introduced
2026-02-25 Status failed
2026-02-25 Latest Action (H) Died In Committee
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