Taxation; bring forward section of law authorizing certain tax credits for contributions to certain eligible charitable organizations.

HB 1192 brings forward an existing tax credit provision allowing businesses to claim credits against income, insurance premium, and property taxes when donating to specific charities. It directly affects Mississippi businesses (corporations, LLCs, partnerships) that contribute to eligible organizations serving children in foster care, providing educational services, or supporting children with disabilities. The credit is capped at 50% of a business’s tax liability for the year, requires charities to certify they don’t fund or support abortion services, and mandates annual documentation to the state Department of Revenue.