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MS HB392
Bill
Status
2/28/2023
Primary Sponsor
Rob Roberson
Click for details
AI Summary
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Extends the income tax credit for employer taxpayers who have employees donate blood during an organized blood drive from calendar years 2022-2023 to calendar years 2022-2026.
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Allows employers to claim a $20 tax credit for each verified employee blood donation made during a blood drive organized by a nonprofit blood bank.
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Limits individual taxpayer credits to the amount of tax owed for that year minus other applicable credits, and caps total annual credits statewide at $100,000.
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Requires the Department of Revenue to calculate and publish an annual percentage reduction to the credit amount if statewide claims exceed the $100,000 cap.
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Takes effect July 1, 2023.
Legislative Description
Income tax; extend tax years for employer taxpayer to claim credit for employees' blood donations during blood drive.
Last Action
Died In Committee
2/28/2023