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Subcommittee advances pregnancy resource tax credit after extended testimony and calls for oversight
Summary
The subcommittee voted to advance S.32, which would create a state tax credit for donations to certified pregnancy resource centers and related organizations, after extensive testimony from supporters, critics and state agencies.
The subcommittee voted to forward S.32, a bill creating a nonrefundable tax credit for donations to certified pregnancy resource centers and related organizations, after more than an hour of public testimony that included providers, advocates, critics and state agency officials.
S.32 would permit taxpayers to claim a credit for qualified contributions to eligible charitable organizations that are exempt from federal income tax under 501(c)(3) and certified as a pregnancy resource center or related pregnancy care organization. The bill requires certification that no more than 20% of contributions are used for administrative purposes and that applicants file IRS filings with the secretary of state. The credit cannot exceed 50% of a…
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