SB 2845 would allow Mississippi taxpayers to claim an income tax credit of up to $25,000 annually for donations made to state institutions of higher learning (like public universities managed by the Board of Trustees of State Institutions of Higher Learning). Unused portions of the credit could be carried forward for up to five years. This directly affects individual taxpayers who contribute to eligible public colleges and universities, reducing their state income tax liability. The credit applies to contributions made in 2026 or later, with the law taking effect January 1, 2026.
SB 2860 creates a refundable state income tax credit in Mississippi equal to 20% of the federal Earned Income Tax Credit (EITC) amount claimed on a taxpayer's federal return. It directly affects low-to-moderate income Mississippi residents who qualify for the federal EITC and file state taxes. The credit is refundable, meaning taxpayers receive a cash refund if the credit exceeds their state tax liability, and requires claiming the federal EITC and submitting federal return copies to the state. The bill takes effect January 1, 2026.
SB 2827 creates a program providing loans to rural Mississippi counties (population ≤ 30,000) and municipalities (population ≤ 10,000) for emergency infrastructure repairs, maintenance, construction, and upgrades. The Mississippi Development Authority will administer the program using a special fund backed by up to $10 million in state bonds, with each loan capped at $250,000 for a maximum term of five years. Repayments on these loans will replenish the fund, ensuring long-term availability of resources without annual legislative appropriations. The bill directly supports local governments facing urgent infrastructure challenges by providing accessible, short-term financial assistance.
SB 2872 would exempt sales of feminine hygiene products, baby formula, baby wipes, children's and adult diapers, and diaper cream from Mississippi's state sales tax. This change adds these specific items to the existing list of tax-exempt goods under Mississippi law. Consumers purchasing these everyday essentials would no longer pay state sales tax on them at the point of sale. The bill directly affects shoppers buying these products, particularly those used for personal or infant care.
SB 2861 increases Mississippi's income tax credit for private landowners who plant eligible trees (pine or hardwood) using approved reforestation methods like seedling planting, mixed-stand regeneration, or direct seeding. It raises the annual credit limit to $20,000 per taxpayer (with a lifetime cap of $125,000) for costs related to these practices on nonindustrial private lands. Landowners must follow a written reforestation plan verified by a certified forester and cannot claim the credit if they received state/federal cost-share funds for the same work (unless their income is below federal earned income levels). The bill takes effect July 1, 2026, directly benefiting private forest landowners seeking tax savings for sustainable tree planting.
SB 2866 creates a Mississippi income tax credit for taxpayers who make cash donations to eligible charities serving people with disabilities. The credit covers up to 50% of a taxpayer’s state income tax liability, with unused portions carryable forward for five years. To qualify, charities must be 501(c)(3) organizations spending at least 50% of their budget on services to disabled individuals in Mississippi, provide proof of this spending, and certify they do not support abortion services. Taxpayers must report donations to the state revenue department, and charities must submit annual certification to maintain eligibility.
SB 2854 creates two income tax credits in Mississippi: (1) a credit for taxpayers equal to their actual child care expenses paid to participating Pre-K providers (for children not yet in kindergarten), and (2) a $1,500 credit per average monthly child for Pre-K providers who participate in the state's voluntary Pre-K program under the Early Learning Collaborative Act. The bill directly affects Mississippi taxpayers with children in qualifying Pre-K programs and licensed Pre-K providers serving children aged four. Credits can be refunded if unused in the tax year they're claimed, and the law takes effect January 1, 2026. It does not provide direct funding but adjusts tax liability for eligible expenses and providers.
SB 2871 expands Mississippi's existing tax credit program to allow individuals and businesses to claim a credit for donations to preschool and prekindergarten programs serving children who are at least three years old. The credit applies to contributions made to approved providers, lead partners, or collaboratives (including public school programs), with annual funding limits capped at $32 million after 2016. Donors must submit receipts to the Mississippi Department of Revenue for verification, and unused credits can be carried forward for up to three years. The bill takes effect January 1, 2026, directly affecting taxpayers making qualifying contributions to eligible early childhood education programs.
SB 2842 would remove Mississippi's state sales tax on groceries that qualify for purchase with federal food stamps (SNAP benefits). It defines eligible items as food or drink for human consumption that can be bought using USDA food assistance. The bill amends existing tax code sections to add this exemption, making such purchases tax-free for shoppers. This change directly affects grocery shoppers buying SNAP-eligible items and retailers selling them.
SB 2870, the "Stop Predatory Investing Act of 2026," denies tax deductions for interest and depreciation on single-family rental properties owned by large institutional investors who hold 50 or more such homes. It directly affects major investors like pension funds, insurance companies, and real estate investment trusts (REITs) that invest over $1 million annually. The law, effective for tax years beginning in 2026, prohibits these deductions unless properties are sold to individual homebuyers for primary residences or to qualified nonprofit organizations focused on affordable housing. Exceptions also apply to properties newly constructed by the investor. This aims to limit large-scale institutional ownership of single-family rentals in Mississippi.
SB 2859 exempts sales of tangible personal property at auction by the National Wild Turkey Federation (NWT) from Mississippi's state sales tax, provided NWT qualifies as a 501(c)(3) nonprofit under federal tax law. This amendment adds NWT to the existing list of tax-exempt organizations under Mississippi Code §27-65-111, specifically expanding the exemption for 501(c)(3) entities covered in subsection (b). The exemption applies solely to auction sales conducted by NWT as a 501(c)(3) organization, not to other types of transactions. This is a procedural update to the tax code, not a new policy change.
SB 2899 appropriates $400,000 from Mississippi's General Fund to the City of Pearl for a specific lighting project on U.S. Highway 80. The funds are designated to cover costs for installing lights along the highway stretch from Concourse Drive to the city's east limits, effective July 1, 2026, through June 30, 2027. This is a direct state payment to the city for a defined infrastructure project, with no additional requirements or conditions specified in the bill. The appropriation is limited to the stated amount and project scope for the specified fiscal year.
