Income tax; authorize a credit for contributions made to certain hospitals.

Mississippi's HB 250 creates an income tax credit for businesses (corporations, LLCs, partnerships, or sole proprietorships) that make cash donations to qualifying rural hospitals. The credit covers up to 75% of a business's annual state income tax liability for donations to hospitals with 50 or fewer licensed beds, with unused credits carryable for five years. Donations claimed under this credit cannot also be deducted for state tax purposes, and the total annual credits are capped at $15 million, expiring after 2029. The Department of Revenue must certify eligible hospitals and manage credit allocations.