The Pregnancy Resource Act
The Pregnancy Resource Act recognizes the vital work of pregnancy centers and allows businesses to redirect their tax dollars to invest in the life-saving work of serving women who are in crisis situations. This groundbreaking law reserves $10 million in annual tax credits for eligible donations. Businesses receive the tax credit for their qualifying donations to pregnancy centers.
It creates a dollar-for-dollar tax credit (not a deduction)
The credit is for as much as 50% of the business’s tax liability
The credit can be carried forward for up to 5 years
It’s only $10 million per calendar year, so the credit is offered on a first-come, first-serve basis
There is a capped limit for allocated funds, so applying early helps secure your credit while funds are available
easy steps
To claim your credit today
Download and submit this application. 2023 Application for Allocation of Contributions Made by Businesses to PRCOs.pdf (ms.gov). Within 30 days, MSDOR will respond about the eligibility of your gift. *Submit your application faster by sending it to contributiontaxcredit@dor.ms.gov
Give a donation to Hope Clinic. Gift must be received within 60 days of receipt of MSDOR notification of allocation. *There’s no obligation to donate before MSDOR qualifies your gift.
Send donation verification to the MSDOR (Hope Clinic receipt letter). Verification must be received within 60 days of receipt of notification of allocation.
You receive a
dollar-for-dollar
tax credit
Make a donation to
Hope Clinic
Your donation gives women
in crisis hope & care
We can do this for you!
All you need to do is to complete the MSDOR application and let us do the rest. Once you receive your approval letter in the mail contact us and we will return all the necessary paperwork for you.
For more information, visit
https://www.dor.ms.gov/business/eligible-charitable-organizations-childrens-promise-act
The Mississippi Department of Revenue will allocate credits within a calendar year.
The Pregnancy Resource Act allows for allocations each calendar year beginning January 1, 2023 and ending December 31, 2023.
This information is not intended to give tax advice. Please consult with your tax professional about your specific tax questions.
Hope Clinic is a 501(c)(3), EIN: 46-3666844