SC S0032

Creates the "Pregnancy Resource Act" establishing a nonrefundable tax credit for voluntary cash contributions to eligible pregnancy resource centers, crisis pregnancy centers, maternity homes, and residential programs for human trafficking victims

Tax credit may not exceed 50% of the taxpayer's total tax liability, with unused credits carried forward for up to five consecutive years

Eligible organizations must be 501(c)(3) nonprofits that do not provide, pay for, or cover abortions, and must spend no more than 20% of contributions on administrative costs

Caps the aggregate annual tax credits at $3.5 million, with no single organization receiving more than 25% of allocated credits (restriction lifted after June 1, 2026)

Act takes effect for tax years beginning after 2024 and automatically repeals on December 31, 2030