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IA HF2323
Bill
Status
2/6/2026
Primary Sponsor
Brett Barker
Click for details
AI Summary
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Creates a 100% tax credit for donations to maternity group homes, applicable against individual, corporate, franchise, insurance premium, and moneys and credits taxes starting January 1, 2026.
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Caps the maternity group home tax credit program at $3.5 million annually, with a maximum of $500,000 in credits per organization operating a maternity group home.
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Establishes a "strong families tax credit" as a second tax credit program (Division II of the bill), though full details are truncated in the provided text.
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Excess credits are non-refundable but may be carried forward for up to five years until depleted.
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Requires taxpayers to apply to the Department of Revenue within six months of the donation, with applications processed on a first-come, first-served basis and a wait list established when caps are reached.
Legislative Description
A bill for an act relating to tax credits by creating the maternity group home and the strong families tax credits available against the individual, corporate, franchise, insurance premium, and moneys and credits taxes, and including applicability provisions.
Last Action
Subcommittee recommends passage.
3/10/2026