The "Pregnancy Resource Act" is a proposed bill in South Carolina that aims to establish a tax credit for individuals who make voluntary cash contributions to eligible pregnancy resource centers or crisis pregnancy centers. The bill introduces Section 12-6-3383 to the South Carolina Code of Laws, defining eligible organizations as those that are exempt from federal income taxation under Section 501(c)(3) and meet specific criteria, including limitations on administrative spending and a commitment to not provide or support abortions. Taxpayers can receive a credit of up to fifty percent of their total tax liability for contributions made during the taxable year, with unused credits eligible to be carried forward for five years.

Additionally, the bill outlines the process for certification and allocation of tax credits, requiring eligible organizations to provide written certification to the Department of Revenue, which will maintain a public list of qualifying organizations. The total amount of tax credits allocated in a calendar year is capped at $3.5 million, increasing to $10 million starting in 2026, with restrictions on the percentage of credits that can be allocated to a single organization. The act will take effect upon the Governor's approval.

Statutes affected:
12/11/2024: 12-6-3383
03/26/2025: 12-6-3383
Latest Version: 12-6-3383