MS HB1638

Creates a state income tax credit equal to 20% of the cost of food that grocers and restaurants purchase, do not sell, and donate to eligible organizations

Eligible donation recipients include homeless shelters, foster care shelters, domestic violence shelters, and 501(c)(3) charitable organizations operating food banks, food pantries, or food lines in Mississippi

Donated food may be in prepared or unprepared form to qualify for the credit

Tax credit cannot exceed the taxpayer's total tax liability for the year after other credits are applied, but unused credits may be carried forward for 5 years

Effective date of January 1, 2023