House Bill 1988

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 AUTHORIZE ADDITIONAL TAX CREDITS FOR CALENDAR YEAR 2024 FOR CONTRIBUTIONS TO CERTAIN ELIGIBLE CHARITABLE ORGANIZATIONS; TO PROVIDE THAT A TAXPAYER WHO IS ALLOCATED A TAX CREDIT DURING A CALENDAR YEAR MAY USE THE CREDIT AGAINST INCOME TAXES AND INSURANCE PREMIUM TAXES IMPOSED FOR THE IMMEDIATELY PRECEDING TAXABLE YEAR, PROVIDED THAT THE TAXPAYER HAS NOT ALREADY FILED A RETURN FOR SUCH TAXES; TO PROVIDE THAT TAXPAYERS WHO APPLIED DURING THE MONTH OF JANUARY 2024, FOR TAX CREDITS FOR CALENDAR YEAR 2024, BUT WHO WERE UNABLE TO BE AWARDED CREDITS DUE TO THE LIMIT ON THE AGGREGATE AMOUNT OF CREDITS AUTHORIZED FOR CALENDAR YEAR 2024, SHALL BE GIVEN PRIORITY FOR SUCH ADDITIONAL TAX CREDITS; TO REVISE THE PERCENTAGE OF TAX CREDITS ALLOCATED DURING A CALENDAR YEAR FOR CONTRIBUTIONS TO CERTAIN ELIGIBLE CHARITABLE ORGANIZATIONS THAT MAY BE ALLOCATED FOR CONTRIBUTIONS TO A SINGLE ORGANIZATION; TO BRING FORWARD SECTIONS 27-7-22, 27-7-22.3, 27-7-22.5, 27-7-22.7, 27-7-22.13, 27-7-22.15, 27-7-22.16, 27-7-22.17, 27-7-22.18, 27-7-22.19, 27-7-22.20, 27-7-22.21, 27-7-22.22, 27-7-22.23, 27-7-22.25, 27-7-22.27, 27-7-22.28,27-7-22.29, 27-7-22.30, 27-7-22.31, 27-7-22.32, 27-7-22.33, 27-7-22.34, 27-7-22.35, 27-7-22.36, 27-7-22.37, 27-7-22.39, 27-7-22.40, 27-7-22.42, 27-7-22.43, 27-7-22.44, 27-7-22.45, 27-7-22.46, 27-7-22.47, 27-7-22.48, 27-7-22.49, 27-7-205, 27-7-207, 27-7-209, 57-73-21, 57-73-23, 57-87-5, 57-87-7, 57-105-1, 57-10-409, 57-114-3, 57-114-7, 57-114-9, 57-115-3 AND 57-115-5, MISSISSIPPI CODE OF 1972, WHICH AUTHORIZE VARIOUS TAX CREDITS, FOR THE PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

In the House of Representatives

• John Thomas "Trey" Lamar, III

  Sponsor

• House of Representatives floor amendmentPending

• House of Representatives floor amendmentPending

• House of Representatives floor amendmentPending

• House of Representatives floor amendmentPending

• Senate committee amendmentAdopted

  Adopted Apr 16

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

In the House of Representatives Mar 25 – Mar 26

1. Mar 25Referred to the House committee on Ways and Means
2. Mar 26Reported from committee in the House: title sufficient, do pass as a committee substitute
3. Committee substitute adopted in the House
4. Passed the House

In the Senate Mar 26 – Apr 16

1. Mar 26Motion in the House to reconsider entered (Johnson, Lamar and Steverson)
2. Mar 27Motion in the House to reconsider tabled
3. Sent to the Senate
4. Apr 10Referred to the Senate committee on Finance
5. Apr 15Reported from committee in the Senate: title sufficient, do pass as amended
6. Apr 16Amended in the Senate
7. Passed the Senate as amended

Back in the House of Representatives Apr 17 – May 14

1. Apr 17Returned to the House to concur in the Senate's amendments
2. Apr 19Declined in the House to concur, and invited a conference
3. Apr 22Conferees named in the House: Lamar, Steverson and Barnett
4. Apr 24Conferees named in the Senate: Harkins, Sparks and Rhodes
5. Apr 25Conferees named in the Senate: Harkins, Sparks and Berry
6. Apr 27Conference report filed in the House
7. Conference report filed in the Senate
8. Apr 28Recommitted in the Senate to the conferees for further conference
9. Apr 29Recommitted in the House to the conferees for further conference
10. Suspended from deadlines by House Concurrent Resolution 64
11. May 3Conference report filed in the House
12. Conference report filed in the Senate
13. In the Senate: Conference Report Failed
14. May 14Died on the calendar in the House