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MS SB3110
Bill
AI Summary
- Creates a tax credit for voluntary cash contributions to rural hospitals, claimable against either state income tax or ad valorem taxes on real property, but not both for the same contribution
- Credit amount limited to the lesser of the contribution amount or 50% of the taxpayer's total tax liability for that category
- Maximum credits per rural hospital capped at $100,000 per calendar year, with aggregate statewide cap of $1,000,000 annually
- Defines "rural hospital" as hospitals in counties without municipalities exceeding 15,000 population per the 2020 census, plus hospitals in Washington County
- Unused credits may be carried forward for five consecutive tax years; income tax credit allocations end December 31, 2040
Legislative Description
Tax credits; provide against income or ad valorem taxes for voluntary cash contributions to rural hospitals.
Last Action
Title Suff Do Pass As Amended
3/16/2026
Committee Referrals
Ways and Means2/26/2026
Finance2/17/2026
Full Bill Text
No bill text available