Modifies provisions relating to income tax credits for contributions to pregnancy resource centers, maternity homes, and diaper banks
What changed between versions
The bill now applies to contributions to maternity homes in addition to or instead of pregnancy resource centers, removing the specific focus on pregnancy resource centers.
A new definition for 'maternity home' was added, describing it as a residential facility providing housing and assistance to pregnant women carrying pregnancies to term.
The detailed definition of 'pregnancy resource center' was removed, including specific criteria about services provided and restrictions on abortion-related activities.
Tax credit percentages and effective dates were changed to apply to contributions to maternity homes, with specific fiscal year cutoffs for 50%, 70%, and 100% credit rates.
New requirements were added for the director of social services to annually classify facilities as maternity homes and establish procedures for taxpayers to verify classification.
The tax credit carryover provision was modified to allow credits to be carried over only to the next succeeding tax year, rather than potentially longer periods.
