MS HB1988 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on May 14 2024 - 100% progression
Action: 2024-05-14 - Died On Calendar
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on May 14 2024 - 100% progression
Action: 2024-05-14 - Died On Calendar
Text: Latest bill text (Engrossed) [HTML]
Summary
An Act To Amend Section 27-7-22.41, Mississippi Code Of 1972, Which Provides An Income Tax Credit, Insurance Premium Tax Credit And Ad Valorem Tax Credit For Contributions Made By Certain Taxpayers To Certain Eligible Charitable Organizations, To Increase The Maximum Aggregate Amount Of Tax Credits That May Be Allocated By The Department Of Revenue Under This Section During A Calendar Year; To Authorize Additional Tax Credits For Calendar Year 2024 For Contributions To Certain Eligible Charitable Organizations; To Provide That A Taxpayer Who Is Allocated A Tax Credit During A Calendar Year May Use The Credit Against Income Taxes And Insurance Premium Taxes Imposed For The Immediately Preceding Taxable Year, Provided That The Taxpayer Has Not Already Filed A Return For Such Taxes; To Provide That Taxpayers Who Applied During The Month Of January 2024, For Tax Credits For Calendar Year 2024, But Who Were Unable To Be Awarded Credits Due To The Limit On The Aggregate Amount Of Credits Authorized For Calendar Year 2024, Shall Be Given Priority For Such Additional Tax Credits; To Revise The Percentage Of Tax Credits Allocated During A Calendar Year For Contributions To Certain Eligible Charitable Organizations That May Be Allocated For Contributions To A Single Organization; To Bring Forward Sections 27-7-22, 27-7-22.3, 27-7-22.5, 27-7-22.7, 27-7-22.13, 27-7-22.15, 27-7-22.16, 27-7-22.17, 27-7-22.18, 27-7-22.19, 27-7-22.20, 27-7-22.21, 27-7-22.22, 27-7-22.23, 27-7-22.25, 27-7-22.27, 27-7-22.28,27-7-22.29, 27-7-22.30, 27-7-22.31, 27-7-22.32, 27-7-22.33, 27-7-22.34, 27-7-22.35, 27-7-22.36, 27-7-22.37, 27-7-22.39, 27-7-22.40, 27-7-22.42, 27-7-22.43, 27-7-22.44, 27-7-22.45, 27-7-22.46, 27-7-22.47, 27-7-22.48, 27-7-22.49, 27-7-205, 27-7-207, 27-7-209, 57-73-21, 57-73-23, 57-87-5, 57-87-7, 57-105-1, 57-10-409, 57-114-3, 57-114-7, 57-114-9, 57-115-3 And 57-115-5, Mississippi Code Of 1972, Which Authorize Various Tax Credits, For The Purposes Of Possible Amendment; And For Related Purposes.
Title
Children's Promise Act; increase amount of tax credits that may be allocated under, bring forward various tax credit sections of law.
Sponsors
| Rep. John Lamar [R] |
Roll Calls
2024-05-03 - Senate - Senate Conference Report Failed (Y: 21 N: 16 NV: 13 Abs: 0) [FAIL]
2024-04-16 - Senate - Senate Passed As Amended (Y: 30 N: 15 NV: 7 Abs: 0) [PASS]
2024-03-26 - House - House Passed (Y: 101 N: 1 NV: 20 Abs: 0) [PASS]
2024-04-16 - Senate - Senate Passed As Amended (Y: 30 N: 15 NV: 7 Abs: 0) [PASS]
2024-03-26 - House - House Passed (Y: 101 N: 1 NV: 20 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-14 | House | Died On Calendar |
| 2024-05-03 | Senate | Conference Report Failed |
| 2024-05-03 | Senate | Conference Report Filed |
| 2024-05-03 | House | Conference Report Filed |
| 2024-04-29 | Suspend from Deadlines by HC 64 | |
| 2024-04-29 | House | Recommitted For Further Conf |
| 2024-04-28 | Senate | Recommitted For Further Conf |
| 2024-04-27 | Senate | Conference Report Filed |
| 2024-04-27 | House | Conference Report Filed |
| 2024-04-25 | Senate | Conferees Named Harkins,Sparks,Berry |
| 2024-04-24 | Senate | Conferees Named Harkins,Sparks,Rhodes |
| 2024-04-22 | House | Conferees Named Lamar,Steverson,Barnett |
| 2024-04-19 | House | Decline to Concur/Invite Conf |
| 2024-04-17 | Senate | Returned For Concurrence |
| 2024-04-16 | Senate | Passed As Amended |
| 2024-04-16 | Senate | Amended |
| 2024-04-15 | Senate | Title Suff Do Pass As Amended |
| 2024-04-10 | Senate | Referred To Finance |
| 2024-03-27 | House | Transmitted To Senate |
| 2024-03-27 | House | Motion to Reconsider Tabled |
| 2024-03-26 | House | Motion to Reconsider Entered (Johnson, Lamar, Steverson) |
| 2024-03-26 | House | Passed |
| 2024-03-26 | House | Committee Substitute Adopted |
| 2024-03-26 | House | Title Suff Do Pass Comm Sub |
| 2024-03-25 | House | Referred To Ways and Means |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 27 | 7 | 205 | New Code | See Bill Text |
| 27 | 7 | 207 | New Code | See Bill Text |
| 27 | 7 | 209 | New Code | See Bill Text |
| 27 | 7 | 22 | Amended Code | See Bill Text |
| 57 | 10 | 409 | New Code | See Bill Text |
| 57 | 105 | 1 | New Code | See Bill Text |
| 57 | 114 | 3 | New Code | See Bill Text |
| 57 | 114 | 7 | New Code | See Bill Text |
| 57 | 114 | 9 | New Code | See Bill Text |
| 57 | 115 | 3 | New Code | See Bill Text |
| 57 | 115 | 5 | New Code | See Bill Text |
| 57 | 73 | 21 | New Code | See Bill Text |
| 57 | 73 | 23 | New Code | See Bill Text |
| 57 | 87 | 5 | New Code | See Bill Text |
| 57 | 87 | 7 | New Code | See Bill Text |
