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HB 284

Minors; creation of the Georgia Baby Bond Savings Plan

2025-2026 Regular Session Introduced by Bryce Berry and 5 co-sponsors

HB 284 offers a 50% state tax credit for donations to pregnancy centers, boosting support for women during pregnancy and increasing funding for these organizations.

House Second Readers
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Bill Summary · HB 284

Summary of HB 284 - Pregnancy Resource Act

Purpose and Intent

HB 284, titled the Pregnancy Resource Act, aims to provide a state income tax credit to individuals and businesses that contribute to eligible charitable organizations operating as pregnancy centers or residential maternity facilities. The bill seeks to support entities that assist women in carrying pregnancies to term, encourage parenting or adoption, prevent abortion, and promote healthy childbirth.

Key Provisions

  1. Tax Credit Eligibility:

    • Individuals and businesses can claim a tax credit for voluntary cash contributions made to eligible charitable organizations.
    • The credit is limited to 50% of the taxpayer's total state income tax liability for the taxable year.
    • Unused credits can be carried forward for up to five consecutive years.

  2. Definition of Eligible Charitable Organizations:

    • Must be a nonprofit organization exempt from federal income taxation under 26 U.S.C. § 501(c)(3).
    • Must maintain a physical presence in Alabama and operate for at least 20 hours per week.
    • Must provide services at no cost aimed at assisting women with pregnancy-related needs.

  3. Application and Certification:

    • Taxpayers must provide the Department of Revenue with details of their contributions.
    • Eligible organizations must certify their compliance with the criteria and notify the department of any changes affecting their eligibility.

  4. Restrictions:

    • Contributions for which a credit is claimed cannot be deducted for state income tax purposes.
    • Tax credits cannot be transferred to another taxpayer.

  5. Department of Revenue Obligations:

    • The Department will review certifications from organizations and maintain a public list of eligible organizations.
    • The Department will allocate credits based on the dollar amount of contributions certified by taxpayers.

Impact

  • Beneficiaries: The bill primarily affects individuals and businesses that contribute to pregnancy centers and residential maternity facilities, as well as the organizations themselves, which may receive increased funding through these contributions.
  • Taxpayers: Individuals and businesses will have a financial incentive to support organizations that align with the bill's intent, potentially increasing the number of contributions to these entities.

Procedural Aspects

  • Introduced: February 13, 2025
  • Current Status: The bill has been read for the first time and referred to the House Committee on Ways and Means Education for further consideration.

This summary provides an overview of HB 284, outlining its purpose, key provisions, and potential impacts on taxpayers and eligible organizations in Alabama.

Compiled from official sources — confirm details with the bill’s official record.

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