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 the full amount of any donation they make to a licensed maternity group home. The credit applies to several Iowa taxes but cannot exceed $3.5 million statewide or $500,000 per home each year, and unused credits do not carry forward. Applicants must file with the Department of Revenue within six months of the donation, and credits are awarded on a first‑come, first‑served basis.

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