l9n/ Mississippi

2019 Regular Session

Senate Bill 2077

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 February 27, 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, 2023, 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 Senate

1 co-sponsor

Chris Caughman

Its course

January 11 to February 27, 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 action2 actions on 2 days

In the SenateJan 11 to Feb 27 · stopped47 days

FinanceJan 11 to Feb 27 · stopped47 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 Senate Jan 11 – Feb 27

  1. Referred to the Senate committee on Finance
  2. Died in committee in the Senate
All 2 actions, as published