Iowa SF2495 introduces a tax credit for donations to maternity group homes, effective from January 1, 2026.

Iowa SF2495 creates a tax credit for donations to maternity group homes, which provide residential care for pregnant women and new mothers. The credit applies to individual, corporate, franchise, insurance premium, and moneys and credits taxes. The credit equals 100% of the donation amount, up to a maximum of $3.5 million annually. Each maternity group home can receive up to $500,000 in credits annually. The credit is not deductible for state income tax purposes and cannot be carried back to previous tax years.

Iowa SF2495 introduces a tax credit for donations to maternity group homes, effective from January 1, 2026.

Iowa SF2495 creates a tax credit for donations to maternity group homes, which provide residential care for pregnant women and new mothers. The credit applies to individual, corporate, franchise, insurance premium, and moneys and credits taxes. The credit equals 100% of the donation amount, up to a maximum of $3.5 million annually. Each maternity group home can receive up to $500,000 in credits annually. The credit is not deductible for state income tax purposes and cannot be carried back to previous tax years.