Minnesota HF5034 allows a tax credit for contributions to women's pregnancy centers.

Minnesota HF5034 introduces a tax credit for contributions to women's pregnancy centers. This bill amends Minnesota Statutes to allow a credit against the premiums tax for contributions up to $50,000. The credit can be carried over to the next taxable year if unused. The commissioner of health must maintain a list of qualifying centers. The credit does not affect state aid calculations. This provision is effective for taxable years beginning after December 31, 2025.

Minnesota HF5034 allows a tax credit for contributions to women's pregnancy centers.

Minnesota HF5034 introduces a tax credit for contributions to women's pregnancy centers. This bill amends Minnesota Statutes to allow a credit against the premiums tax for contributions up to $50,000. The credit can be carried over to the next taxable year if unused. The commissioner of health must maintain a list of qualifying centers. The credit does not affect state aid calculations. This provision is effective for taxable years beginning after December 31, 2025.