Tax Credit for Donations to Qualifying Pregnancy Support Centers.
This Act introduces a new tax credit for individuals and businesses contributing to qualifying pregnancy centers. Citizens can claim a credit equal to 50% of their qualified contributions, encouraging greater financial support for these facilities. The maximum contribution eligible for the credit is $10,000 ($20,000 for joint filers).
Key points
New Tax Credit: Allows taxpayers to claim a credit equal to 50% of contributions made to qualifying pregnancy centers directly against their tax liability.
Contribution Limit: The maximum contribution eligible for the credit is $10,000 annually ($20,000 for married couples filing jointly).
Center Definition: Qualifying centers must provide free assistance to women with unplanned pregnancies, encourage childbirth, and explicitly exclude facilities that perform, induce, refer for, or counsel in favor of abortions.
No Double Benefit: Contributions used for this credit cannot be claimed as any other deduction or credit under the tax code.
Expired
Additional Information
Print number: 118_HR_7045
Sponsor: Rep. Miller, Carol D. [R-WV-1]
Process start date: 2024-01-18