Income tax; authorize a credit for contributions to certain charitable organizations.

SB 2866 creates a Mississippi income tax credit for taxpayers who make cash donations to eligible charities serving people with disabilities. The credit covers up to 50% of a taxpayer’s state income tax liability, with unused portions carryable forward for five years. To qualify, charities must be 501(c)(3) organizations spending at least 50% of their budget on services to disabled individuals in Mississippi, provide proof of this spending, and certify they do not support abortion services. Taxpayers must report donations to the state revenue department, and charities must submit annual certification to maintain eligibility.