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Senate approves voluntary donor tax credit for small rural hospitals, with $100,000 per-hospital cap
Summary
Mississippi lawmakers passed a voluntary program allowing donors to receive income or ad valorem tax credits for contributions to eligible rural hospitals, capped at $100,000 per hospital and $1,000,000 statewide; senators sought assurances that local governments would not lose revenue.
The Mississippi Senate adopted and passed a measure creating a voluntary tax-credit incentive for individuals who donate cash to eligible rural hospitals.
Senator Taylor, explaining the committee substitute for SB 31-10, said donors may choose either an income tax credit or an ad valorem property tax credit capped at 50% of liability. Taylor emphasized program limits: a maximum of $100,000 per hospital…
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