TX SB2018

Creates the "Strong Families Tax Credit" allowing taxable entities to claim a franchise tax credit equal to their monetary contributions to certified eligible organizations, with a maximum credit of $1 million per entity and $5 million total statewide per year

Eligible organizations must be 501(c)(3) nonprofits that have provided for at least 3 years either comprehensive case management services for at-risk families or services to help fathers improve parenting skills and engagement with their children

Organizations must not provide or offer information about abortion services, and cannot have received more than 50% of their annual revenue from state or local government sources in the prior fiscal year

Eligible organizations are limited to spending no more than 5% of designated contributions on administrative expenses and must conduct criminal background checks on all staff working directly with children

The OneStar Foundation certifies eligible organizations, and unused credits may be carried forward for up to 5 consecutive reports; the program takes effect June 1, 2026, and expires January 1, 2029