New bill provides tax credit for pregnancy resource center donors
HB 1201 would give an income tax credit equal to 70% of what an individual contributes specifically to a nonprofit pregnancy resource center. Additionally, the bill includes qualifying entities providing maternity housing and facilities offering care for new mothers and newborns.
School cell phone ban moves one step closer at Capitol
Oklahoma Senate leaders highlighted Oklahoma has roughly 40 pregnancy resource centers across the state.
'These centers are on the forefront of helping new mothers and women in crisis pregnancies get the help and support they need,' Bullard said. 'This legislation encourages Oklahomans to donate to these vital organizations that play a key role in protecting the unborn by providing women with the resources they need to choose life. At its core, House Bill 1201 is a pro-life bill that enables women to build a better future for themselves and their children.'
HB 1201 limits the tax credit to $50,000 per person each year, capping credits at $5 million annually.
The bill now moves to the Senate Appropriations Committee.
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