MS SB2515

Creates a state income tax credit for individuals who make cash donations to Habitat for Humanity Mississippi Capital Area, capped at $400 for single filers/heads of household or $800 for married couples filing jointly

Establishes a separate tax credit for business enterprises (corporations, LLCs, partnerships, sole proprietorships) donating to the same organization, limited to 50% of the business's total tax liability

Sets an annual aggregate cap of $1,000,000 for individual tax credits and $5,000,000 for business tax credits

Allows unused credits to be carried forward for up to five consecutive taxable years

The individual tax credit provision expires January 1, 2025; credits cannot be combined with federal charitable deductions claimed for state tax purposes