Mississippi SB2845 would authorize an income tax credit for contributions to state institutions of higher learning.
Mississippi SB2845 would allow an income tax credit for contributions to state institutions of higher learning, up to $25,000 per taxpayer annually. Any unused portion of the credit could be carried forward for up to five succeeding tax years. The bill defines "state institution of higher learning" as any institution under the Board of Trustees of State Institutions of Higher Learning. The provisions would take effect from January 1, 2026.
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