SB2845 • 2026

Income tax; authorize credit for contributions to state institutions of higher learning.

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT, IN AN AMOUNT NOT TO EXCEED $25,000.00 ANNUALLY PER TAXPAYER, FOR CONTRIBUTIONS TO ONE OR MORE STATE INSTITUTIONS OF HIGHER LEARNING; TO PROVIDE THAT ANY UNUSED PORTION OF THE CREDIT MAY BE CARRIED FORWARD FOR THE FIVE SUCCEEDING TAX YEARS; AND FOR RELATED PURPOSES.

Education Taxes

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Norwood
Last action: 2026-02-25
Official status: Dead
Effective date: January 1,

Plain English Breakdown

The bill did not pass and therefore has no legal effect as of now.

Income Tax Credit for Higher Education Contributions

This bill would allow Mississippi taxpayers to get a tax credit of up to $25,000 each year for donations they make to state colleges and universities.

What This Bill Does

Creates an income tax credit for people who give money to public colleges and universities in Mississippi.
Limits the total amount of this credit per person to $25,000 annually.
Allows any unused part of the credit to be used in future years up to five more years.

Who It Names or Affects

Taxpayers who donate money to public colleges and universities
Public colleges and universities that receive donations

Terms To Know

Income tax credit: A reduction in the amount of income tax a person has to pay, based on certain activities or expenses.
State institution of higher learning: Public colleges and universities managed by the Board of Trustees of State Institutions of Higher Learning in Mississippi.

Limits and Unknowns

The bill did not pass, so it does not affect anyone's taxes.
It only applies to donations made after January 1, 2026, if passed.

Bill History

2026-02-25 Mississippi Legislative Bill Status System
02/25 (S) Died In Committee
2026-01-19 Mississippi Legislative Bill Status System
01/19 (S) Referred To Finance

Official Summary Text

Income tax; authorize credit for contributions to state institutions of higher learning.

Current Bill Text

Read the full stored bill text

S. B. No. 2845 *SS08/R443* ~ OFFICIAL ~ R3/5
26/SS08/R443
PAGE 1 (icj\kr)

To: Finance
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Senator(s) Norwood

SENATE BILL NO. 2845

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT, IN AN AMOUNT NOT TO 1
EXCEED $25,000.00 ANNUALLY PER TAXPAYER, FOR CONTRIBUTIONS TO ONE 2
OR MORE STATE INSTITUTIONS OF HIGHER LEARNING; TO PROVIDE THAT ANY 3
UNUSED PORTION OF THE CREDIT MAY BE CARRIED FORWARD FOR THE FIVE 4
SUCCEEDING TAX YEARS; AND FOR RELATED PURPOSES. 5
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 6
SECTION 1. (1) As used in this section, "state institution 7
of higher learning" refers to any institution under the management 8
and control of the Board of Trustees of State Institutions of 9
Higher Learning, as provided in Section 37-101-1. 10
(2) There shall be allowed as a credit against the tax 11
imposed by this chapter the amount of any monetary contributions 12
to one or more state institution of higher learning, not to exceed 13
Twenty-five Thousand Dollars ($25,000.00) in total contributions 14
per taxpayer, during calendar year 2026 or any calendar year 15
thereafter. 16
(3) Any portion of a credit claimed under this section but 17
not used in a tax year may be carried forward for the five (5) 18
succeeding tax years. 19
S. B. No. 2845 *SS08/R443* ~ OFFICIAL ~
26/SS08/R443
PAGE 2 (icj\kr)
ST: Income tax; authorize credit for
contributions to state institutions of higher
learning.
SECTION 2. Section 1 of this act shall be codified in 20
Chapter 7, Title 27, Mississippi Code of 1972. 21
SECTION 3. This act shall take effect and be in force from 22
and after January 1, 2026. 23