TO CREATE A TAX CREDIT FOR CONTRIBUTIONS TO A PREGNANCY RESOURCE CENTER.

Fiscal Impact Statement Bill: HB1404 Bill Subtitle: TO CREATE A TAX CREDIT FOR CONTRIBUTIONS TO A PREGNANCY HELP ORGANIZATION. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Cooper and Sen. Payton Basic Change: HB1404 creates a nonrefundable tax credit for a contribution to a qualifying pregnancy help organization, including a maternity home, an adoption agency, and a social services agency that provides material support and other assistance to individuals facing an unintended pregnancy. Contributions qualifying for the credit include donations of cash, stock, bonds, or other marketable securities or real property. HB1404 allows a credit equal to 50% of the total amount of contributions a taxpayer made to a pregnancy help organization during the tax year. A pregnancy help organization means an organization that: • Exists as of January 1, 2023; • Seeks to provide a range of services to individuals facing an unintended pregnancy with the intention of encouraging pregnant women to give birth to their unborn children; and • Does not perform, prescribe, encourage, or provide referrals