Senate Committee Approves Tax Credit Bill to Support Pregnancy Resource Centers
OKLAHOMA CITY (April 17th) – The Senate Revenue and Taxation Committee this week easily passed legislation to establish an income tax credit for individuals who donate to pregnancy resource centers.
On Monday, the committee advanced House Bill 1201 by Rep. Cody Maynard and Sen. David Bullard, both Republicans from Durant.
The bill provides an income tax credit equal to 70% of what an individual contributes to a nonprofit pregnancy resource center, including entities that provide maternity housing and facilities that offer care for new mothers and their newborn children.
