Bill > HB1404

This bill creates a new tax credit in Arkansas for contributions made to specific pregnancy help organizations, defined as entities existing as of January 1, 2023, that aim to support individuals facing unintended pregnancies and encourage women to carry their pregnancies to term. The tax credit will be equal to 50% of the total contributions made during a tax year, with contributions including cash, stocks, bonds, securities, or real property. To qualify, these organizations must not perform, prescribe, encourage, or refer for abortions, and can include maternity homes, adoption agencies, and social services agencies that provide material support to pregnant individuals. The tax credit is limited to the amount of income tax owed by the taxpayer and will become effective for tax years beginning on or after January 1, 2025. The Department of Finance and Administration is authorized to create rules for implementing this tax credit program, which is designed to financially incentivize support for organizations that assist pregnant women in carrying their pregnancies to term.

Budget and Finance

https://arkleg.state.ar.us/Bills/Detail?id=hb1404&ddBienniumSession=2025%2F2025R