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The Pregnancy Resource Act: Tax Credit for Business Owners

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The Mississippi Pregnancy Resource Act Supporting Local Families Couldn’t Be Easier!

The cap for tax credit allocations is set at $10 million for our state; however, funds are distributed on a first-come, first-served basis

The Pregnancy Resource Act recognizes the vital work of pregnancy resource centers and allows businesses to redirect their tax dollars to invest in life- saving work of serving women who are in crisis situations. This law reserves

$10 million in annual tax credits for eligible donations. The easy-to-use application takes less than 5 minutes to complete! *Link provided below.

The PRA is a dollar-for-dollar tax credit - not a deduction - that allows you to send up to half of the tax dollars you would normally pay to the state and keep it within YOUR community by supporting local women and children! For example, if your business pays

$5,000 to the state in tax liability or property taxes, you can choose to redirect up to 50% of that amount to be donated to the Center for Pregnancy Choices of Meridian instead.

It’s Your Choice How You Share Your Taxes

Your choice how to share taxes                       

What are the benefits?

The PRA gives Mississippi businesses the power to choose to redirect up to half of their tax liabilities to help their very own community.

Businesses receive a dollar-for-dollar tax credit - not deduction - from the state in the amount of the contribution per taxable year.

The credit can be carried over 5 years.

Who qualifies?

 Businesses:

 With a MS income tax liability, or Ad Valorem (Property Tax) Liability,

 Who are engaged in commercial, industrial, or professional activities,

 Operating as a corporation, LLC, partnership or sole proprietorship,

 Who make a "voluntary cash contribution to an approved PRCO, like The CPC of Meridian.

 Individuals:

 Individual taxpayers can apply for a similar credit through the “QCO” credit option.

Here’s What To Expect:

Scan the code or visit the link below to access the MS Department of Revenue (MSDOR) PRCO Application under “Apply for a Charitable Contribution Credit”. A notification of allocation will be sent via mail within 30 days of receiving your application.

Donate the approved amount to the "Center for Pregnancy Choices of Meridian" from business account within 60 days of receiving the MS DOR's allocation letter.

Send your donation receipt to the MSDOR within 7 days from the approval to secure your credit allocation. You can upload the document from the MS DOR site!

APPLY FOR THE CREDIT TODAY VISIT HTTPS://TAP.DOR.MS.GOV, OR SCAN THE CODE

MO tax program qr code

SARA SMITH, CENTER DIRECTOR
CPC OF MERIDIAN
P.O. BOX 3301
MERIDIAN, MS 39303
601.616.9610 DIRECTOR@CPCLEGACY.COM

*This is not intended to provide advice with taxes; please consult your tax professional for specific tax questions.*