MS SB2736

Extends the Endow Mississippi Program income tax credit authorization period from calendar year 2023 through calendar year 2027 (previously ending in 2023)

Maintains the 25% tax credit on qualified contributions to endowed funds at qualified community foundations, with minimum contribution of $1,000 and maximum of $200,000 per contribution

Limits total qualified contributions per taxpayer to $200,000 per year and caps aggregate tax credits at $500,000 annually on a first-come, first-served basis

Allows unused tax credits from any calendar year to be carried forward up to five subsequent years, and permits authorized credits to be carried forward up to five taxable years after 2027

Takes effect July 1, 2023