MS HB37

Creates a state income tax deduction for contributions made by taxpayers to Mississippi public school districts, effective January 1, 2019.

Allows taxpayers to designate contributions for specific uses by a school district, which the district must honor if accepted.

Limits the annual deduction to the amount of contributions made during a taxable year, but cannot exceed the taxpayer's total taxable income for that year.

Requires school districts accepting contributions designated for specific purposes to expend those funds only for the designated use.

Amends Mississippi Code sections 27-7-18 and 37-7-301 to implement the deduction and establish school board authority to accept designated contributions.