MS HB427

Authorizes an income tax credit for employers whose employees make blood donations during employer-organized blood drives from calendar year 2023 through 2028

Provides a credit of $20 per verified blood donation made by an employee during a blood drive organized by a nonprofit blood bank in coordination with an employer

Limits the tax credit to the amount of tax owed by the taxpayer for the year, excluding credits for tax payments already made

Caps the maximum aggregate tax credits claimed statewide in any calendar year at $500,000

Becomes effective July 1, 2022