Subcommittee advances pregnancy‑resource tax credit after debate over oversight and scope

The Senate Finance Committee sales and income tax subcommittee advanced S.32, a bill to create a state tax credit for contributions to qualifying pregnancy resource centers and related life‑affirming nonprofit organizations, after extended testimony from advocacy groups, service providers and opponents.

Grant, the committee staff presenter, summarized the bill: it would allow a tax credit for contributions to organizations exempt under the Internal Revenue Code §501(c)(3) that are pregnancy resource centers or similar entities; the credit would be limited to 50% of the taxpayer’s state tax liability, unused credits could be carried forward up to five years, and an annual aggregate cap would start at $3.5 million and rise to $10 million beginning in tax year 2026. The bill also caps administrative spending by an eligible organization at 20% of contributions and restricts…