A bill for an act creating a maternity group home tax credit available against the individual, corporate, franchise, insurance premium, and moneys and credits taxes, and including applicability provisions.

Summary

The bill lets individuals and businesses claim a credit equal to 100% of their cash or non‑cash donations to a licensed maternity group home. The credit applies against several Iowa taxes but cannot exceed the taxpayer’s liability, cannot be carried forward or backward, and is capped at $3.5 million statewide each year (with a $500,000 limit per home). Applications must be approved by the Department of Revenue within six months of the donation.

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