Receive a Business Tax Credit While Transforming Children’s Lives

The state of Mississippi offers a tax credit for donations made to an Eligible Charitable Organization. Your donation to Canopy can be a DOLLAR-FOR-DOLLAR TAX CREDIT up to 50% of your Mississippi state tax liability.

Special Note Regarding Children’s Promise Act Tax Credit from the Mississippi Department of Revenue:

Please Note: Miss. Code Ann. §27-7-22.41 provides that the aggregate amount of tax credits that may be allocated by the Department of Revenue to certain business enterprises making voluntary cash contributions to eligible charitable organizations cannot exceed five million dollars ($5,000,000) in a calendar year.

The Department has received applications for allocations exceeding the five million dollars ($5,000,000) of funds available for the 2020 calendar year. Thus, unless businesses fail to make the contributions to the charitable organizations specified on the applications, there will be no additional funds to allocate for the 2020 year.

If your business would like to participate in 2020, we recommend you submit an application to the Mississippi Department of Revenue to be put on the WAIT LIST should more funds become available. E-mailed applications should be sent to contributiontaxcredit@dor.ms.gov.  Please contact Heidi Noel at 769-777-1012 or heidi.noel@mycanopy.org for more information.

It Takes 3 Easy Steps.

Step One:
Complete the MSDOR application for tax credit allocation. Within 30 days of receipt, MSDOR shall send notification of allocation.
Step Two:
Make a donation to Canopy to receive a tax credit up to 50% of your Mississippi state tax liability and help Mississippi children become a success story.
Step Three:
Send verification of the contribution to the MSDOR. Verification must be received within 60 days of receipt of notification of allocation.

FAQ’s about the Children’s Promise Act Tax Credit:

This information is not intended to give tax advice. Please consult with your tax professional about your specific tax questions.