(The Center Square) – Tax credits to Mississippi businesses engaged in providing pregnancy resources is the focus of a new law Gov. Tate Reeves has signed.
The governor signed House Bill 1685, known as the Pregnancy Resource Act, which provides $3.5 million in tax credits to pregnancy resources centers across the state. The bill was signed before this week’s leak of a U.S. Supreme Court draft opinion in Mississippi’s abortion case.
“We need to prove that being pro-life is about more than being anti-abortion,” Reeves said Wednesday on his official Facebook page. “We need to commit more to the mission of supporting mothers and children. We need to continuously improve our foster care system. We need to make it even easier to adopt a child. This is the mission now.
“We’ve made great strides on that in recent weeks.”
He went on to highlight $3.5 million in tax credits for pregnancy resource centers; partnering with the Dave Thomas Foundation to improve foster care; and upgrading the core CPS functions to better serve moms and children.
“There is much more to be done,” Reeves said.
Under the new law, tax credits will be made available to taxpayers who operate a business as a commercial, industrial, or professional venture that is operating as a corporation, limited liability company, a partnership, or a sole proprietorship that supports pregnant mothers.
For taxpayers who are not operating as a corporation, according to the bill, the tax credit is permitted against ad valorem taxes assessed and levied on real property for each voluntary cash contribution made during a tax year. Those donations must be contributed to an eligible charitable organization.