Authorizes income tax credits for contributions to qualifying charitable organizations and qualifying foster care charitable organizations.
This bill amends Mississippi Code to authorize income tax credits for contributions by taxpayers to qualifying charitable organizations and qualifying foster care charitable organizations. Qualifying charitable organizations must spend at least 50% of their budget on services to qualified individuals in Mississippi. Qualifying foster care charitable organizations must provide services to at least 100 qualified individuals in Mississippi and spend at least 50% of their budget on services to qualified individuals in Mississippi.
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