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IA SF2279
Bill
Status
2/11/2026
Primary Sponsor
Kara Warme
Click for details
AI Summary
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Creates a 100% tax credit for cash or noncash donations to maternity group homes, effective for tax years beginning January 1, 2026
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Applies the credit against individual income, corporate, franchise, insurance premium, and moneys and credits taxes
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Caps total annual tax credits at $3.5 million statewide, with a maximum of $500,000 per maternity group home organization
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Requires taxpayers to submit applications to the Department of Revenue within six months after the tax year of donation, with credits approved on a first-come, first-served basis
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Prohibits carrying forward or backward unused credits and does not allow the donation amount to be deducted as a separate expense for state income tax purposes
Legislative Description
A bill for an act creating a maternity group home tax credit available against the individual, corporate, franchise, insurance premium, and moneys and credits taxes, and including applicability provisions.
Last Action
Subcommittee recommends passage.
3/4/2026