§6113. Tax credits for donations made to eligible maternal wellness centers
A. There shall be a credit against any Louisiana income tax for qualified donations
made to an eligible maternal wellness center. The credit shall be an amount equal to fifty
percent of the donation. Any credit shall be taken as a credit against the income tax for the
taxable year in which the donation is made. The total amount of the credits taken by any
taxpayer during any taxable year shall not exceed fifty percent of the taxpayer's tax liability.
B.
(1)The total amount of the tax credits granted by the Department of Revenue
pursuant to this Chapter in any calendar year shall not exceed five million dollars.
(2)The granting of credits under this Chapter shall be on a first-come, first-served
basis, with no more
Free access — add to your briefcase to read the full text and ask questions with AI
§6113. Tax credits for donations made to eligible maternal wellness centers
A. There shall be a credit against any Louisiana income tax for qualified donations
made to an eligible maternal wellness center. The credit shall be an amount equal to fifty
percent of the donation. Any credit shall be taken as a credit against the income tax for the
taxable year in which the donation is made. The total amount of the credits taken by any
taxpayer during any taxable year shall not exceed fifty percent of the taxpayer's tax liability.
B.(1) The total amount of the tax credits granted by the Department of Revenue
pursuant to this Chapter in any calendar year shall not exceed five million dollars.
(2) The granting of credits under this Chapter shall be on a first-come, first-served
basis, with no more than twenty percent of the total tax credits available allocated for
contributions to a single maternal wellness center, as further provided by rules promulgated
by the Department of Revenue.
(3) If the total amount of credits applied for in any particular year exceeds the
aggregate amount of tax credits allowed for that year, the excess shall be treated as having
been applied for on the first day of the subsequent year. If the total amount of credits granted
in any fiscal year is less than the amount available to be granted, any residual credit
remaining shall be available to be granted in subsequent fiscal years.
C. No credit shall be granted pursuant to this Chapter for donations made to eligible
maternal wellness centers before January 1, 2025, or after December 31, 2030.
NOTE: See Acts 2023, No. 437, regarding that the provisions of the Act apply to tax
years beginning on or after Jan. 1, 2025.