The Children's Promise Act and The Pregnancy Resource Act

A tax credit is available for voluntary cash contributions to eligible charitable organizations (“ECO”), educational services charitable organizations (“ESCO”), and Pregnancy Resource Charitable Organizations (“PRCO”). The amount of the credit is limited to fifty percent (50%) of the taxpayer’s total income tax liability, fifty percent (50%) of the taxpayer’s total insurance premium tax liability and, in the case of taxpayers not operating as a corporation, fifty percent (50%) of the total real property ad valorem tax liability. The tax credit may be carried forward for five (5) years.

For more comprehensive information concerning The Children’s Promise Act, The Pregnancy Resource Act, and the related tax credits please see the 2023 Technical Bulletin here.

Tax Credits Available for ECOs

Under the Children's Promise Act, up to $9,000,000 of the tax credits allocated during the 2023 calendar year may be allocated for contributions to ECOs that are either licensed by or under contract with the MS Department of Child Protection Services and provide services related to adoption and/or foster care related activities. No more than twenty-five percent (25%) of the credits may be allocated for contributions to a single ECO, resulting in a per ECO cap of $2,250,000. See the following for a listing of qualifying ECOs:

Listing of ECOs

Businesses must have their contribution(s) certified by completing the appropriate application below and sending it to the Department for review. Instructions are included in the applications

2023 Application for Allocations to Eligible Charitable Organizations

Tax Credits Available for ESCOs

Under the Children's Promise Act, up to $9,000,000 of the tax credits allocated during the 2023 calendar year may be allocated for contributions to ESCOs. No more than four and one-half percent (4.5%) of the credits may be allocated for contributions to a single ESCO, resulting in a per ESCO cap of $405,000.

See the following for a listing of qualifying ESCOs:

Listing of Educational Services Charitable Organizations

Businesses must have their contribution(s) certified by completing the appropriate application below and sending it to the Department for review. Instructions are included in the applications

2023 Application for Allocations to Educational Services Charitable Organizations

Tax Credits Available for PRCOs

Under the Pregnancy Resource Act, up to $3,500,000 of the tax credits allocated during the 2023 calendar year may be allocated for contributions to PRCOs. No more than fifty percent (50%) of the credits may be allocated for contributions to a single PRCO, resulting in a per PRCO cap of $1,750,000. See the following for a listing of qualifying PRCOs:

Listing of Pregnancy Resource Charitable Organizations

Businesses must have their contribution(s) certified by completing the application below and sending it to the Department for review. Instructions are included in the application.

How to Qualify as an ECO, ESCO or PRCO

A charitable organization interested in qualifying as an ECO, ESCO or PRCO should submit a letter ruling request. Instructions for submitting a letter ruling request can be found in the link to the 2023 technical bulletin here.