Bill > SB3110

This bill establishes tax credits for voluntary cash contributions made to rural hospitals, which are defined as hospitals located in counties without municipalities exceeding 15,000 residents, with a specific inclusion for hospitals in Washington County. Taxpayers can choose between an income tax credit or an alternative credit against their ad valorem taxes on real property for these contributions, with the credit amount limited to 50% of the total tax liability or the contribution amount, whichever is less. A taxpayer cannot claim both types of credit for the same contribution, and any unused credit can be carried forward for five years. The bill also outlines a process for applying for and allocating these credits, with a cap of $100,000 in credits per rural hospital annually and a total aggregate cap of $1,000,000 in credits allocated statewide each year. Contributions for which a credit is claimed cannot also be deducted for state income tax purposes, and the credit program is set to expire on December 31, 2025, with the act taking effect on January 1, 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3110.xml