MS SB2922

Creates an income tax credit for taxpayers who contribute to scholarship-granting organizations that provide scholarships to students with dyslexia attending accredited nonprofit nonpublic schools.

Tax credit equals the total contributions made during the taxable year, not to exceed 50% of the taxpayer's income tax liability, with ability to carry forward unused credits for three years.

Caps aggregate tax credits awarded statewide at $250,000 per fiscal year.

Requires scholarship-granting organizations to be 501(c)(3) tax-exempt entities, spend at least 90% of donation revenue on scholarships, maintain financial accountability through certified audits, and ensure scholarships are portable across qualified schools.

Mandates qualified schools comply with health and safety laws, hold required occupancy permits, certify non-discrimination in admissions, and provide regular academic progress reports to parents.