SB 605 - This act allows a tax credit for contributions to support pregnancy resource centers. A pregnancy resource center is a non-residential facility that provides assistance designed to support women and encourage birth over abortion. The center must be tax exempt, must provide direct person-to-person counseling at no cost, and cannot provide abortion referrals. The credit is for 50% of the contribution, cannot exceed $50,000 per year, and is not refundable, but can be carried forward. No more than a total of $2 million may be claimed in credits in any one year. A taxpayer may only be permitted to redeem the tax credit provided in this act if the Director of Revenue has reallocated other state tax credits to the tax credit created in this act.
This act is similar to Senate Bill 251 (2005).