AL SB22

Enacts the "Pregnancy Resource Act" to provide a state income tax credit for individuals and businesses making voluntary cash contributions to eligible pregnancy centers and residential maternity facilities.

Eligible organizations must be 501(c)(3) nonprofits formed in Alabama that operate pregnancy centers or residential maternity facilities, maintain a primary physical office open minimum 20 hours per week, and provide free services to assist women in carrying pregnancies to term and promoting parenting, adoption, or healthy childbirth.

Tax credit is limited to 50 percent of a taxpayer's total state income tax liability per year, with unused credits carried forward for five consecutive years; credits cannot be transferred or used as a deduction.

Aggregate annual credits are capped at $10,000,000, with no more than 50 percent allocated to a single organization per year; organizations must provide written certification that they do not provide, pay for, or support abortions.

Tax credits become effective January 1, 2025, and continue through the 2029 taxable year unless extended by the Legislature; the act takes effect October 1, 2024.