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HB 2404

Provide tax credit incentive to businesses and individuals that donate to pregnancy/birth centers

2025 Regular Session Introduced by Michael Amos and 10 co-sponsors

House Bill 2404 offers tax credits to businesses and individuals donating to pregnancy and birth centers, boosting support for maternal and child health services.

To House Finance
#taxation
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WeVote Research Nonpartisan
Bill Summary · HB 2404

Summary of House Bill 2404

Bill Number: HB 2404
Title: Provide tax credit incentive to businesses and individuals that donate to pregnancy/birth centers
Status: To House Finance
Introduced: January 31, 2025
Classification: Bill
Subject: Taxation

Purpose and Intent

House Bill 2404 aims to encourage donations to pregnancy and birth centers by providing tax credit incentives to both businesses and individuals. The intent is to support organizations that offer services related to pregnancy and childbirth, thereby promoting maternal and child health.

Key Provisions

  • Tax Credit Incentive: The bill proposes a tax credit for businesses and individuals who make donations to designated pregnancy and birth centers.
  • Eligibility Criteria: The centers must meet specific criteria set forth by the state to qualify for the tax credit program.
  • Credit Amount: The bill outlines the percentage of the donation that can be claimed as a tax credit, although specific dollar amounts or percentages were not detailed in the provided documents.
  • Reporting Requirements: Donors may be required to provide documentation of their contributions to claim the tax credit.

Impact

  • Beneficiaries: The primary beneficiaries of this bill would be pregnancy and birth centers that provide essential services to expectant mothers and families. Additionally, businesses and individuals who contribute to these centers would benefit from tax reductions.
  • State Revenue: The implementation of this tax credit could have implications for state revenue, as it may reduce the overall tax income from individuals and businesses participating in the program.
  • Administrative Oversight: The bill may require the establishment of administrative processes to monitor and verify donations and ensure compliance with eligibility criteria.

Procedural Aspects

  • Committee Review: The bill is currently under review by the House Finance Committee, where it will be evaluated for its fiscal implications and overall impact.
  • Timeline: If passed, the bill will likely have an effective date that aligns with the start of the next tax year, although specific dates were not provided.

Conclusion

House Bill 2404 seeks to foster community support for pregnancy and birth centers through tax incentives, potentially enhancing the resources available for maternal and child health services. The bill's progress through the legislative process will determine its final provisions and impact.

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

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