Senate Committee Approves Tax Credit Bill to Support Pregnancy Resource Centers

OKLAHOMA CITY – The Senate Revenue and Taxation Committee this week easily passed legislation to establish an income tax credit for individuals who donate to pregnancy resource centers.

On Monday, the committee advanced House Bill 1201 by Rep. Cody Maynard and Sen. David Bullard, both Republicans from Durant.

The bill provides an income tax credit equal to 70% of what an individual contributes to a nonprofit pregnancy resource center, including entities that provide maternity housing and facilities that offer care for new mothers and their newborn children.

Oklahoma has roughly 40 pregnancy resource centers across the state.

“These centers are on the forefront of helping new mothers and women in crisis pregnancies get the help and support they need,” Bullard said. “This legislation encourages Oklahomans to donate to these vital organizations that play a key role in protecting the unborn by providing women with the resources they need to choose life. At its core, House Bill 1201 is a pro-life bill that enables women to build a better future for themselves and their children.”

HB 1201 limits the tax credit to $50,000 per person each year. In total, the credits would be capped at $5 million annually.

The bill now awaits a hearing in the Senate Appropriations Committee.

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For more information, contact: Sen. David Bullard at (405) 521-5586 or David.Bullard@oksenate.gov