❌ SB40
Authorize tax credit for pregnancy resource center donations
Summary
The bill authorizes a nonrefundable tax credit for donations made to certified pregnancy resource centers and maternity homes in Ohio. The credit is limited to 50% of the taxpayer's aggregate tax liability for the taxable year, with provisions for carrying forward excess credits for up to five years. Certified centers must not perform or promote nontherapeutic abortions and must meet specific criteria to qualify.
Rationale
The bill promotes government intervention in the form of tax credits for specific organizations, which conflicts with the Libertarian principles of minimal government involvement in personal choices and economic activities. It also imposes restrictions on organizations based on their stance on abortion, which may infringe on individual rights and freedoms.
Risks and Concerns
- Increases government control over charitable donations
- Potentially discriminates against organizations based on their stance on abortion
- Encourages cronyism by favoring specific organizations