MS HB1430

Establishes the "Endow Mississippi Program" to provide a tax credit equal to 25% of qualified charitable contributions made to endowed funds at qualified community foundations in Mississippi.

Limits qualified contributions to between $1,000 and $200,000 per taxpayer annually, with a statewide cap of $500,000 in tax credits per calendar year, awarded on a first-come, first-served basis.

Requires contributions to be irrevocable gifts intended to exist in perpetuity and establishes eligibility criteria for community foundations, including 501(c)(3) tax-exempt status and recognition by the Mississippi Association of Grantmakers.

Allows unused tax credits to carry forward for up to five subsequent years; terminates authorization of new credits effective January 1, 2024, though previously authorized credits may continue to be used through 2028.

Assigns the Mississippi Association of Grantmakers responsibility for developing application procedures, reviewing applications jointly filed by taxpayers and foundations, and reporting approved credits to the Department of Revenue.