MISSISSIPPI LEGISLATURE
2023 Regular Session
To: Ways and Means
By: Representative Roberson
AN ACT TO AMEND SECTION 27-7-22.44, MISSISSIPPI CODE OF 1972, TO EXTEND THE CALENDAR YEARS FOR WHICH AN EMPLOYER TAXPAYER MAY CLAIM AN INCOME TAX CREDIT FOR BLOOD DONATIONS MADE BY EMPLOYEES DURING A BLOOD DRIVE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-7-22.44, Mississippi Code of 1972, is amended as follows:
27-7-22.44. (1) As used in this section, the following words shall have the meanings ascribed herein unless the context clearly requires otherwise:
(a) "Blood donation" means the voluntary and uncompensated donation of whole blood, or specific components of blood, by an employee, drawn for use by a nonprofit blood bank organization as part of a blood drive.
(b) "Blood drive" means a function held at a specific date and time which is organized by a nonprofit blood bank organization in coordination with an employer or group of employers and is closed to nonemployees.
(c) "Employee" means an individual employed by an employer authorized to claim a tax credit under this section.
(d) "Employer" means a sole proprietor, general partnership, limited partnership, limited liability company, corporation or other legally recognized business entity.
(e) "Verified donation" means a blood donation by an employee, made during a blood drive, which can be documented by an employer.
(2) Subject to the provisions of this section, for calendar year 2022 and for calendar years 2023, 2024, 2025 and 2026, a taxpayer that is an employer shall be allowed a credit against the taxes imposed under this chapter for each verified blood donation made by an employee as part of a blood drive. The credit shall be for an amount equal to Twenty Dollars ($20.00) for each verified donation. However, the tax credit shall not exceed the amount of tax imposed upon the taxpayer for the taxable year reduced by the sum of all other credits allowable to the taxpayer under this chapter, except credit for tax payments made by or on behalf of the taxpayer. The maximum aggregate amount of tax credits that may be claimed by all taxpayers claiming a credit under this section in a taxable year shall not exceed One Hundred Thousand Dollars ($100,000.00). The department shall annually calculate and publish a percentage by which the tax credit authorized by this section shall be reduced so the maximum aggregate amount of tax credits claimed by all taxpayers claiming a credit in a taxable year does not exceed One Hundred Thousand Dollars ($100,000.00).
SECTION 2. This act shall take effect and be in force from and after July 1, 2023.