MS SB2347

Amends Mississippi Code Section 27-7-22.39 to include "education services for children" in the definition of "services" provided by qualifying charitable organizations.

Allows taxpayers to claim income tax credits for voluntary cash contributions to qualifying charitable organizations, with maximum credits of $400 (single/head of household) or $800 (married filing jointly).

Establishes separate higher tax credits for contributions to qualifying foster care charitable organizations: $500 (single/head of household) or $1,000 (married filing jointly).

Requires qualifying charitable organizations to spend at least 50% of their budget on services to low-income residents, TANF recipients, or children with chronic illness or disabilities, and prohibits organizations that provide or fund abortions from qualifying.

Caps total tax credits awarded statewide at $3,000,000 per calendar year and repeals this section effective January 1, 2021.