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MS SB2864
Bill
AI Summary
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Expands the definition of "qualifying foster care charitable organization" to include Court Appointed Special Advocates (CASA) programs that serve at least 25 qualified individuals per year in Mississippi
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CASA programs must spend at least 50% of their budget on services to qualified individuals in the state to be eligible
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Qualifying foster care organizations allow taxpayers to claim income tax credits up to $500 for single filers or $1,000 for married couples filing jointly
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Tax credits for contributions to qualifying charitable organizations are capped at $1 million aggregate per calendar year starting in 2021
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The Children's Promise Act tax credit program is set to expire January 1, 2025
Legislative Description
Children's Promise Act; expand definition of "qualifying foster care charitable organization" to include CASA programs.
Last Action
Died In Committee
2/2/2021