l9n/ Mississippi

2019 Regular Session

House Bill 1430

Income tax; authorize a tax credit for contributions to certain endowed funds held by community foundations.

Did not become law. It stopped in the Senate's Finance Committee on March 19, 2019. The 2019 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO CREATE THE "ENDOW MISSISSIPPI PROGRAM" TO PROMOTE PHILANTHROPIC INVESTMENTS IN LOCAL COMMUNITY DEVELOPMENT PROGRAMS BY PROVIDING A TAX CREDIT FOR CHARITABLE GIFTS MADE BY TAXPAYERS TO ENDOWED FUNDS HELD BY COMMUNITY FOUNDATIONS IN MISSISSIPPI; TO PROVIDE THAT THE TAX CREDIT SHALL BE 25% OF A QUALIFIED CONTRIBUTION TO AN ENDOWED FUND AT A QUALIFIED COMMUNITY FOUNDATION SUBJECT TO CERTAIN REQUIREMENTS; TO PROVIDE THAT THE AGGREGATE AMOUNT OF TAX CREDITS AUTHORIZED UNDER THIS ACT SHALL NOT EXCEED $500,000.00 IN ANY ONE CALENDAR YEAR; TO PROVIDE THAT FROM AND AFTER JANUARY 1, 2024, NO CREDITS MAY BE AUTHORIZED UNDER THIS ACT; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

3 co-sponsors

John G. Faulkner, Kathy Sykes, Missy McGee

Its course

January 21 to March 19, 2019, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action6 actions on 6 days

In the House of RepresentativesJan 21 to Feb 2636 days

Ways and MeansJan 21 to Feb 2030 days

In the SenateFeb 26 to Mar 19 · stopped21 days

FinanceFeb 28 to Mar 19 · stopped19 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 21 – Feb 26

  1. Jan 21Referred to the House committee on Ways and Means
  2. Feb 20Reported from committee in the House: title sufficient, do pass
  3. Feb 26Passed the House

In the Senate Feb 27 – Mar 19

  1. Feb 27Sent to the Senate
  2. Feb 28Referred to the Senate committee on Finance
  3. Mar 19Died in committee in the Senate
All 6 actions, as published
  1. Jan 21Referred To Ways and MeansHouse of Representatives
  2. Feb 20Title Suff Do PassHouse of Representatives
  3. Feb 26PassedHouse of Representatives
  4. Feb 27Transmitted To SenateHouse of Representatives
  5. Feb 28Referred To FinanceSenate
  6. Mar 19Died In CommitteeSenate