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MS SB2222
Bill
AI Summary
- Extends the income tax credit for employers whose employees donate blood during employer-organized blood drives through calendar year 2025 (previously limited to 2022-2023)
- Provides a $20 tax credit per verified blood donation made by employees during a blood drive
- Limits total tax credits claimed by all employers in a single taxable year to $100,000, with the Mississippi Department of Revenue calculating an annual reduction percentage if necessary
- Defines eligible donations as voluntary, uncompensated blood donations by employees at nonprofit blood bank-organized blood drives closed to nonemployees
- Takes effect January 1, 2024
Legislative Description
Income tax credit for employers for blood donations made by employees during blood drive; extend period of eligibility for.
Last Action
Died In Committee
3/5/2024
Committee Referrals
Finance2/2/2024
Full Bill Text
No bill text available