A bill for an act relating to tax credits by creating the maternity group home and the strong families tax credits available against the individual, corporate, franchise, insurance premium, and moneys and credits taxes, and including applicability provisions.

Summary

The bill establishes a 100 % tax credit for cash or non‑cash donations to licensed maternity group homes and to nonprofit organizations that provide case‑management services to at‑risk families or fatherhood parenting programs. The credit applies to individual, corporate, franchise, insurance premium and other state taxes, is non‑refundable but can be carried forward up to five years, and is subject to annual caps and an application process through the Department of Revenue. It aims to encourage private support for these services while limiting the state’s fiscal exposure.

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