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ETHO TAX CREDIT

Reduce your 2024 State Tax Liability

Designate a portion of what you owe to the State of MS to Community Care Network

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What is it?

The Children's Promise Act tax credit, passed by the legislature and signed by the governor in 2019, provides a dollar-for-dollar tax credit for donations made to Community Care Network - a qualified Eligible Transitional Home Organization (ETHO).​ 

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Who can Apply for Credits: Business Taxpayers (Corporations, Partnerships, Limited Liability Companies, and Sole Proprietorships), married couples, and single individuals.

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What taxes can be credited: Businesses, married couples, and single individuals can receive a dollar for dollar reduction in their MS state income and property taxes. The amount of the reduction is up to ½ of your tax bill.

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Carry Forward: If you do not use the tax credit in one year, you do not lose it.  You can take the credit over the next five (5) years immediately following your gift.

 

Other Limitations: Contributions cannot be used for other state charitable credits and cannot be used as a deduction for state income tax purposes. 

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Note: There are a limited amount of credits available each calendar year. Please contact our Executive Director, Diane Easley at

(228) 219-2987 or by email at etho@ccnms.org with questions about the process or to find out how your gift will make a lasting impact.

Steps to Complete

Click here to download step-by-step guide.

Step One

Make a donation to Community Care Network and complete application to reserve credits.

Make a donation to Community Care Network

Click HERE to give your life changing gift to Community Care Network. You can also mail a check, visit us in person or we will come to you. 

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Complete Application for Credit Allocations (2 Options):

Complete application online at the Department of Revenue website OR download the paper application, return it to us along with your donation, and we will complete the process for you (recommended method).

Step Two

Submit Proof of Donation

Follow the directions provided in the confirmation letter you received in the mail from the Department of Revenue to submit your donation receipt online OR contact CCN and we will do this step for you.

Step Three

Apply Tax Credit

In 7-10 days you will receive a receipt from the Department of Revenue with proof of your tax credits. Take this receipt to the local tax accessor's office to claim property tax credits or to your accountant for income tax purposes.

Important: Always talk to your tax advisor before making any decisions regarding your tax liability. Please let your tax advisor know you are interested in taking advantage of the tax credit allowed by the Children's Promise Act Eligible Transitional Home Organization Act 27-7-22.39 of the Mississippi Code Annotated.

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