Mississippi Enacts Law Expanding Tax Credits for Special-Purpose Schools

The Mississippi Governor signed a law that amends §27-7-22.41 of the Mississippi Code, expanding the definition of “eligible charitable organization” to include special-purpose schools serving students with physical, intellectual, developmental or emotional disabilities. The law includes clarifying that the tax credits for contributions to these special-purpose schools are capped at $6 million annually, with limits of $1.25 million per organization across all locations, and $500,000 per school location. The law takes effect Jan. 1. [H.B. 1944, enacted 04/08/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.