MS HB1944

Increases the aggregate annual tax credit cap for contributions to eligible charitable organizations from $18 million (2023-2025) to $32 million (2026), $36 million (2027), and $40 million (2028 and beyond).

Expands ad valorem tax credits on real property contributions to all taxpayers starting January 1, 2026, removing the previous limitation to non-corporate taxpayers.

Creates a new income tax credit for individual taxpayers making voluntary cash contributions to qualifying charitable organizations serving adults and children with intellectual, developmental, or physical disabilities, capped at $500,000 annually.

Establishes a separate $500,000 annual tax credit pool for business entities (corporations, LLCs, partnerships, sole proprietorships) contributing to the same disability services organizations.

Allows unallocated credits from one category of eligible charitable organizations (child protection services vs. educational services) to be reallocated to the other category after October 1 of each calendar year beginning in 2026.