Mississippi § 27-7-213 - Tax credits are non-transferable; process for allocation of available tax credits if less than requested; periodic reporting of impact of tax credits.
Full text of Mississippi Mississippi Code of 1972 Annotated § 27-7-213 — Tax credits are non-transferable; process for allocation of available tax credits if less than requested; periodic reporting of impact of tax credits., with citation guidance and answers to common questions.
§ 27-7-213. Tax credits are non-transferable; process for allocation of available tax credits if less than requested; periodic reporting of impact of tax credits.
No tax credits issued under this article to any qualified taxpayer shall be sold or otherwise transferable to any other taxpayer. Should the total amount of tax credits available, whether reserved to qualified community foundations or otherwise, be less than the total amount of tax credit requested under the provisions of this article, the Mississippi Association of Grantmakers, or its successor entity, shall determine the process for the allocation of any available tax credits. All applications for tax credits and any subsequent documentation of the process of application and issuance of tax credits shall be subject to applicable privacy laws. The Mississippi Association of Grantmakers, or its successor entity, may request qualifying community foundations to periodically report on the impact of tax credits issued under this article, including, but not limited to: Increases to endowed funds held by qualified community foundations; Capture of generational transfer of wealth for the benefit of Mississippi communities and organizations; and Improvements to and support of community development programs, projects and activities.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 27-7-213
What does Mississippi Code of 1972 Annotated § 27-7-213 cover?
Section 27-7-213 ("Tax credits are non-transferable; process for allocation of available tax credits if less than requested; periodic reporting of impact of tax credits.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 27-7-213?
A common citation format is "Mississippi Code of 1972 Annotated § 27-7-213" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 27-7-213 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.