Pregnancy Resource Act; revise tax credits authorized for contributions to certain charitable organizations.

The bill title and header were updated from 'Committee Substitute' to 'As Passed the Senate' to indicate its current legislative status.

Tax credit eligibility was expanded to include taxpayers who are not business enterprises (e.g., individuals), whereas previously it was limited to business entities.

The annual aggregate limit for tax credits was increased from $3.5 million to $10 million for calendar years 2023 and thereafter.

New financial criteria were added for eligible organizations: they cannot receive more than 50% of their revenue from government sources, and they must spend 70% of contributions on clients who are residents of Mississippi.

The requirement for organizations to explicitly certify that they do not provide, pay for, or promote abortions was removed from the written certification.

New administrative procedures were added, including a requirement for the Department of Revenue to review certifications, maintain a public list of eligible organizations, and handle credit allocations with specific timelines.

New provisions were added to allow tax credits for pass-through entities (like partnerships or LLCs) to be allocated among owners and to clarify how credits are applied to ad valorem taxes.