Mississippi 2025 Regular Session

Mississippi House Bill HB1903

Introduced
2/26/25  
Refer
2/26/25  
Engrossed
2/26/25  
Refer
3/4/25  

Caption

Taxation; revise various tax credits and exemptions.

Impact

If enacted, HB1903 will significantly impact how businesses engage in charitable activities and invest in technology infrastructure. Specifically, it raises the cap on the tax credits for telecommunications enterprises involved in broadband, providing a clearer pathway for investment in this key area of technology. The bill lays out specific criteria for contributing to qualified organizations that promote youth education and development, establishing a robust framework for state-supported community initiatives. The legislative changes may lead businesses to reassess their philanthropic strategies in light of the potential tax benefits.

Summary

House Bill 1903 is a legislative proposal aimed at amending various sections of the Mississippi Code related to tax credits. Primarily, it seeks to enhance support for broadband technology deployment and charitable contributions. The bill increases the aggregate maximum amount of tax credits allocated for contributions to eligible charitable organizations, thereby creating additional financial incentives for businesses to invest in social development. It also extends certain tax credit allocations until 2029, ensuring a broader and more stable financial framework for businesses involved in community development and charity work.

Sentiment

Overall, the sentiment around HB1903 appears favorable among proponents who see it as a proactive approach to improving broadband access and supporting charitable organizations. Business advocates argue that these incentives will foster economic growth and community resilience. However, some criticism may arise regarding the effectiveness of tax credits at addressing deeper systemic issues within underserved communities, potentially leading to discourse about the sufficiency of financial incentives without accompanying policies for sustainable development.

Contention

The main points of contention surrounding HB1903 could center on the specifics of who qualifies as an eligible charitable organization and the effectiveness of tax credits in achieving meaningful community impact. Critics might question whether simply raising the financial thresholds will lead to an actual increase in beneficial activities or if the changes merely provide a broader avenue for tax advantages without tangible societal benefits. Furthermore, ensuring that the broadband technology reaches rural and underserved areas poses logistical and implementation challenges that stakeholders will need to address.

Companion Bills

No companion bills found.

Previously Filed As

MS HB1671

Tax credits; revise certain existing and authorize additional.

MS HB1642

Tax credits, various; bring forward sections of law relating to.

MS HB1988

Children's Promise Act; increase amount of tax credits that may be allocated under, bring forward various tax credit sections of law.

MS HB1985

Income tax and ad valorem tax; authorize a child credit, bring forward various tax credit sections of law.

MS HB1953

Tax credits; authorize for contributions by certain taxpayers to certain hospitals, bring forward various tax credit sections of law.

MS HB749

Taxation; extend repealer on income and ad valorem tax credits for certain contributions to charitable and foster care organizations.

MS HB655

Children's Promise Act; revise definition of "eligible charitable organization" under.

MS HB628

Children's Promise Act; revise definition of "eligible charitable organization" under.

MS SB2894

Children's Promise Act; revise definition of "eligible charitable organization" under.

MS SB2696

Income tax credit for qualified adoption expenses; increase amount for Mississippi children and remove CPS requirement.

Similar Bills

MS SB3062

Broadband Technology Development Act; revise equipment definition, and increase speed requirement for AV tax exemption.

MS HB1644

Equipment used in the deployment of broadband technologies; revise certain provisions regarding tax exemptions.

MS SB2862

Sales tax; exempt sales of coins, currency and bullion.

MS HB549

Sales Tax; exempt certain sales of property transported from this state and first used in another state.

MS HB1855

Sales tax; exempt sales, leases or other retail transfers of certain fixed-wing aircraft.

MS SB3078

Sales tax; exempt sales, leases and other retail transfers of certain fixed-wing aircraft.

MS HB1879

Sales tax; exempt sales, leases or other retail transfers of certain fixed-wing aircraft.

MS HB210

Sales tax; exempt certain sales of fixed-wing aircraft.