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AL SB212
Bill
Status
4/18/2023
Primary Sponsor
Gerald Allen
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AI Summary
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Establishes the "Pregnancy Resource Act" providing state income tax credits for voluntary cash contributions to eligible pregnancy centers or residential maternity facilities that meet specified criteria.
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Eligible organizations must be 501(c)(3) nonprofits with primary physical offices in Alabama open at least 20 hours per week, staffed by trained medical professionals, and providing free services to help women carry pregnancies to term and pursue parenting or adoption.
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Tax credits allow individuals and businesses to claim credits up to 50 percent of their state income tax liability, with unused credits carried forward for five consecutive years.
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Aggregate statewide credits capped at $10,000,000 per calendar year with no single organization receiving more than 50 percent of available credits in any year.
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Credits effective January 1, 2024 through the 2028 tax year; requires organizations to certify they do not provide, fund, or affiliate with entities offering abortion services.
Legislative Description
To enact the Pregnancy Resource Act; Relating to income tax; to provide a state income tax credit to individuals and businesses that make contributions to eligible charitable organizations that operate as a pregnancy center or residential maternity facility; and to specify the obligations of the Department of Revenue in implementing the act.
Income tax, tax credit for voluntary cash contributions to pregnancy center or residential maternity facility
Last Action
Introduced and Referred to Senate Finance and Taxation Education
4/18/2023