Modifies provisions relating to benevolent tax credits

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SCS/SB 1547 - This act modifies provisions relating to benevolent tax credits.

STILLBIRTH TAX CREDIT
For all tax years beginning on or after January 1, 2027, this act authorizes a tax credit in the amount of $2,200 per birth for which a certificate of birth resulting in stillbirth has been issued. The tax credit shall be claimed only during the tax year in which the stillbirth occurred, and the child shall otherwise have been a dependent of the taxpayer.

Tax credits authorized by this act shall be refundable and nontransferable. A taxpayer shall not claim a tax credit under this act and a tax deduction for the same stillbirth. (Section 135.342)

This provision is substantially similar to SB 1123 (2022) and HB 2770 (2022).

DOMESTIC VIOLENCE SHELTER TAX CREDIT
Current law authorizes a tax credit for contributions to a shelter for victims of domestic violence and rape crisis centers in an amount equal to 70% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 100% of the contribution if the shelter for victims of domestic violence or rape crisis center is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the act increases the maximum amount of tax credit that a taxpayer may claim in a tax year from $50,000 to $100,000, and adjusts such amount annually for inflation. (Section 135.550)

MATERNITY HOME TAX CREDIT
Current law authorizes a tax credit for contributions to a maternity home in an amount equal to 70% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 100% of the contribution if the maternity home is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, current law limits the maximum amount of tax credit that a taxpayer may claim in a tax year to $100,000. This act adjusts such amount annually for inflation. (Section 135.600)

DIAPER BANK TAX CREDIT
Current law authorizes a tax credit for contributions to a diaper bank in an amount equal to 50% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 70% of the contribution, or 100% of the contribution if the diaper bank is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the act increases the maximum amount of tax credit that a taxpayer may claim in a tax year from $50,000 to $100,000, and adjusts such amount annually for inflation.

Current law limits the total amount of tax credits in a fiscal year to $500,000. For all fiscal years beginning on or after July 1, 2026, this act removes such limit.

Finally, current law provides that such tax credit shall sunset on December 31, 2031. This act repeals such sunset. (Section 135.621)

PREGNANCY RESOURCE CENTER TAX CREDIT
Current law authorizes a tax credit for contributions to a pregnancy resource center in an amount equal to 70% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 100% of the contribution if the pregnancy resource center is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the act increases the maximum amount of tax credit that a taxpayer may claim in a tax year from $50,000 to $100,000, and adjusts such amount annually for inflation. (Section 135.630)

FOOD BANK TAX CREDIT
Current law authorizes a tax credit for donations of cash or food to local food pantries, local soup kitchens, and local homeless shelters in an amount equal to fifty percent of the value of the donation. For all tax years beginning on or after January 1, 2026, this act also authorizes a tax credit for donations of cash or food to food banks, as defined in the act, and increases the tax credit amount to seventy percent of the value of the donation, or one hundred percent of the value of the donation if the entity is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the total amount of tax credits that may be authorized in a fiscal year shall not exceed $1.75 million. This act increases such amount to $2.75 million for contributions made to local food pantries, local soup kitchens, and local homeless shelters, and $1.25 million for food banks.

Finally, the tax credit is scheduled to sunset on December 31, 2026. This act repeals the sunset. (Section 135.647)

This provision is substantially similar to SB 1082 (2026).
JOSH NORBERG

Introduced

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SB 1547 - This act modifies provisions relating to benevolent tax credits.

DOMESTIC VIOLENCE SHELTER TAX CREDIT
Current law authorizes a tax credit for contributions to a shelter for victims of domestic violence and rape crisis centers in an amount equal to 70% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 100% of the contribution if the shelter for victims of domestic violence or rape crisis center is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the act increases the maximum amount of tax credit that a taxpayer may claim in a tax year from $50,000 to $100,000, and adjusts such amount annually for inflation. (Section 135.550)

MATERNITY HOME TAX CREDIT
Current law authorizes a tax credit for contributions to a maternity home in an amount equal to 70% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 100% of the contribution if the maternity home is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, current law limits the maximum amount of tax credit that a taxpayer may claim in a tax year to $100,000. This act adjusts such amount annually for inflation. (Section 135.600)

DIAPER BANK TAX CREDIT
Current law authorizes a tax credit for contributions to a diaper bank in an amount equal to 50% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 70% of the contribution, or 100% of the contribution if the diaper bank is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the act increases the maximum amount of tax credit that a taxpayer may claim in a tax year from $50,000 to $100,000, and adjusts such amount annually for inflation.

Current law limits the total amount of tax credits in a fiscal year to $500,000. For all fiscal years beginning on or after July 1, 2026, this act removes such limit.

Finally, current law provides that such tax credit shall sunset on December 31, 2031. This act repeals such sunset. (Section 135.621)

PREGNANCY RESOURCE CENTER TAX CREDIT
Current law authorizes a tax credit for contributions to a pregnancy resource center in an amount equal to 70% of the contribution. For all fiscal years beginning on or after July 1, 2026, this act increases such credit to 100% of the contribution if the pregnancy resource center is located in a rural area or serves a large number of residents of a rural area, as defined in the act.

Additionally, the act increases the maximum amount of tax credit that a taxpayer may claim in a tax year from $50,000 to $100,000, and adjusts such amount annually for inflation. (Section 135.630)
JOSH NORBERG