Texas HB5618 provides a franchise tax credit for entities that cover organ donation expenses or provide paid leave for recovery.

HB5618 amends the Texas Tax Code to introduce a franchise tax credit for taxable entities that either pay the expenses of or provide paid leave to an employee who donates an organ. To qualify, the entity must cover expenses related to the donation or recovery from the procedure within five years. The credit amount is the lesser of the total expenses or paid leave value or the franchise tax due after other credits. The comptroller will establish rules for credit application and eligibility. The credit applies to reports due on or after January 1, 2026, and the act takes effect on that date.

Texas HB5618 provides a franchise tax credit for entities that cover organ donation expenses or provide paid leave for recovery.

HB5618 amends the Texas Tax Code to introduce a franchise tax credit for taxable entities that either pay the expenses of or provide paid leave to an employee who donates an organ. To qualify, the entity must cover expenses related to the donation or recovery from the procedure within five years. The credit amount is the lesser of the total expenses or paid leave value or the franchise tax due after other credits. The comptroller will establish rules for credit application and eligibility. The credit applies to reports due on or after January 1, 2026, and the act takes effect on that date.