Bill > SB2390

This bill establishes a "Strong Families Tax Credit" that allows certain entities, such as alcoholic beverage businesses, insurance companies, and producers, to claim a tax credit for making designated contributions to eligible organizations that provide services to support strong families in Texas. The bill defines the eligibility requirements for both the entities claiming the credit and the organizations that can receive the designated contributions. It also sets limits on the total amount of credits that can be awarded each fiscal year and the maximum amount of contributions an entity can make. The bill outlines the application process for claiming the credit and gives the Comptroller of Public Accounts the authority to adopt rules and procedures to implement and administer the program.