RELATING TO CESSPOOL CLOSURE.
HB 1404 proposed a 50% tax credit for donations to pregnancy resource centers, aiming to boost support for organizations assisting unintended pregnancies, but it died in committee.
HB 1404 proposed a 50% tax credit for donations to pregnancy resource centers, aiming to boost support for organizations assisting unintended pregnancies, but it died in committee.
Bill Number: HB 1404
Title: To Create a Tax Credit for Contributions to a Pregnancy Resource Center
Status: Died in House Committee at Sine Die adjournment
Introduced: February 04, 2025
Sponsors: Rep. Cooper and Sen. Payton
House Bill 1404 aimed to establish a nonrefundable tax credit for individuals who contribute to qualifying pregnancy resource centers. The intent of the bill was to encourage financial support for organizations that assist individuals facing unintended pregnancies, thereby promoting childbirth and providing necessary resources without involving abortion services.
Tax Credit Structure:
Definition of Pregnancy Resource Center:
A pregnancy resource center is defined as an organization that:
Implementation Timeline:
The tax credit would be effective for tax years beginning on or after January 1, 2025.
Fiscal Impact:
The bill was projected to result in a $10 million reduction in general revenue for the fiscal year 2026.
Administrative Requirements:
The Department of Finance and Administration would need to update computer programs, tax forms, and instructions to implement the new tax credit, with an estimated cost of $8,000 for programming.
Taxpayer Benefits:
Taxpayers contributing to eligible pregnancy resource centers could reduce their tax liability by claiming the non-refundable credit, thus incentivizing donations to these organizations.
Affected Organizations:
The bill would directly benefit pregnancy resource centers that meet the specified criteria, potentially increasing their funding and ability to provide services.
Amendments:
An amendment was adopted to change the terminology from "pregnancy help organization" to "pregnancy resource center" and clarified the definitions and conditions under which the tax credit would apply.
Legislative Timeline:
While HB 1404 sought to provide financial incentives for contributions to pregnancy resource centers, it ultimately did not progress beyond the committee stage. The proposed tax credit aimed to support organizations focused on assisting individuals with unintended pregnancies, reflecting a legislative effort to influence social outcomes through tax policy.
Compiled from official sources — confirm details with the bill’s official record.
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