Authorizes tax credits for contributions to eligible Mississippi hospitals.
Mississippi HB4032 authorizes income, insurance premium, and ad valorem tax credits for voluntary cash contributions by certain taxpayers to eligible hospitals. Eligible hospitals include those providing short-term acute care, Critical Access Hospitals, and others with 49 or fewer licensed inpatient beds and a 24/7 emergency department. To qualify, hospitals must engage a CPA firm for reimbursement and cost reporting advisory services and a healthcare consulting firm for strategic planning. The tax credit amount is limited to 50% of the taxpayer's total tax liability for the year.
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