This bill amends the Tax Reform Code of 1971 by adding a new subsection to Section 303, which pertains to classes of income. The new subsection (a.13) allows taxpayers to deduct up to $10,000 from their taxable income if they or their dependents donate human organs for transplantation and incur unreimbursed expenses related to the donation. These expenses can include travel, lodging, lost wages, and medical costs. However, the deduction cannot reduce taxable income below zero and can only be claimed once in a taxpayer's lifetime, specifically in the year the organ transplantation occurs.

The bill defines "human organ" to include parts of the liver, pancreas, kidney, intestine, lung, or bone marrow. The provisions of this new deduction will apply to tax years beginning after December 31, 2024, and the act is set to take effect immediately upon passage.

Statutes/Laws affected:
Printer's No. 74 (Jan 22, 2025): P.L.6, No.2
Printer's No. 0074: P.L.6, No.2