Bill > HB2404

This bill creates a new tax credit program that allows eligible businesses to receive a nonrefundable tax credit for donations made to birthing centers or pregnancy centers within the state. Specifically, companies that donate to these centers can apply to the Tax Commissioner to receive a tax credit equal to the full amount of their donation. To claim the credit, businesses must provide documented proof of their contribution. The Tax Commissioner will be responsible for administering and implementing this tax credit program. By offering this financial incentive, the bill aims to encourage private sector support for pregnancy and birthing centers, potentially helping these facilities expand their services or improve their infrastructure. The tax credit is nonrefundable, which means it can reduce a company's tax liability to zero, but cannot result in a cash refund if the credit exceeds the company's tax bill.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2404&year=2025&sessiontype=RS&btype=bill