MS HB655

Amends Section 27-7-22.41 to expand the definition of "eligible charitable organization" to include educational services organizations accredited by a regional accrediting organization or the State Board of Education.

Allows tax credits for contributions to eligible organizations that serve children in foster care, children with chronic illnesses or disabilities, and children eligible for free or reduced-price meal programs.

Maintains existing tax credit provisions allowing businesses to claim credits up to 50% of tax liability against income tax, insurance premium tax, and ad valorem taxes, with credits carried forward up to 5 years if unused.

Sets aggregate annual tax credit allocation caps at $18 million starting in 2023, with 50% allocated to child protection services organizations and 50% to educational services organizations, with concentration limits of 25% and 4.5% per single organization respectively.

Requires eligible organizations to certify they do not provide, pay for, or support abortion services and must provide written proof of licensure or contracts with the Mississippi Department of Child Protection Services; effective January 1, 2023.