New bill provides tax credit for pregnancy resource center donors
OKLAHOMA CITY (KFOR) – This week House Bill 1201 authored by Rep. Cody Maynard (R-Durant) and Sen. David Bullard (R-Durant), is set to move forward after passing the Senate Revenue Taxation Committee, granting some tax relief for any individual contributing to nonprofit pregnancy resource centers.
HB 1201 would give an income tax credit equal to 70% of what an individual contributes specifically to a nonprofit pregnancy resource center. Additionally, the bill includes qualifying entities providing maternity housing and facilities offering care for new mothers and newborns.
School cell phone ban moves one step closer at Capitol
Oklahoma Senate leaders highlighted Oklahoma has roughly 40 pregnancy resource centers across the state.
'These centers are on the forefront of helping new mothers and women in crisis pregnancies get the help and support they need,' Bullard said. 'This legislation encourages Oklahomans to donate to these vital organizations that play a key role in protecting the unborn by providing women with the resources they need to choose life. At its core, House Bill 1201 is a pro-life bill that enables women to build a better future for themselves and their children.'
HB 1201 limits the tax credit to $50,000 per person each year, capping credits at $5 million annually.
The bill now moves to the Senate Appropriations Committee.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
IRS extends tax filing deadline for March wildfire victims
WASHINGTON, D.C. (KFOR) – The Internal Revenue Service (IRS) announced on Monday tax relief for Oklahomans affected by March wildfires and straight-line winds. IRS officials say, taxpayers have until November 3, 2025 to file tax returns and make tax payments. Additionally, Federal Emergency Management Agency (FEMA), announced individuals and households that reside or have a business in Cleveland, Creek, Lincoln, Oklahoma, Pawnee, and Payne counties qualify for tax relief. Free Summer Concert Series kicks off at The Chisholm June 19 According to IRS, the emergency declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines in the disaster areas. The Nov. 3, 2025, deadline also applies to affected businesses: Quarterly payroll and excise tax returns normally due on April 30, July 31, and Oct. 31, 2025. Calendar-year partnership and S corporation returns normally due on March 17, 2025. Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025. Calendar-year tax-exempt organization returns normally due on May 15, 2025. A view a current list of eligible localities click here. Taxpayers who reside or have a business located outside the covered disaster area should contact 866-562-5227 for tax relief. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
4 hours ago
- Yahoo
What EPA's new coolant requirement means for your AC unit
HOUSTON - This year, the U.S. Environmental Protection Agency began requiring the use of new, more environmentally friendly refrigerants in new HVAC units, R-454B and R-32. A shortage of R-454B is already being reported. This means current refrigerants, like R-410A, will be phased out. While technicians say there is still a supply of R-410A, and they can still install units that use it through this year, over time it will become harder to find parts to repair older units that work with this refrigerant. What you can do Technicians recommend having your unit serviced to repair any problems before they can become worse, and owners of older units may want to consider replacing them. We talked with Joe Bany with John Moore Services about how to navigate the refrigerant change to ensure you stay cool through the summer. The Source Information in this article is from our interview with John Moore Services and the U.S. EPA.
Entrepreneur
8 hours ago
- Entrepreneur
Sanlayan Technologies Secures INR 186 Crore in Series A to Drive Defence Innovation
Sanlayan aims to grow its engineering team fivefold over the next six months by recruiting R&D scientists, domain experts, retired military personnel, and senior executives from both private and public sector defence institutions You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Sanlayan Technologies, a Bengaluru-based aerospace and defence startup, has raised INR 186 crore in a heavily oversubscribed Series A funding round. The latest investment, led by prominent investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, saw participation from existing backers Gemba Capital and Singularity Ventures, alongside new entrant Shastra VC. The funding marks a significant leap for the company as it sharpens focus on indigenous defence capabilities. The latest round follows a INR 36 crore raise in March 2024, also led by Jungle Ventures through its First Cheque@Jungle platform. Shortly after, Sanlayan acquired a majority stake in Dexcel Electronics, an electronics system design and manufacturing (ESDM) firm with a 25-year track record in key Indian defence programs including the Sukhoi, Jaguar, LCA Tejas, and Chandrayaan-3 missions. Rishab Malik, partner at Jungle Ventures, noted the combined impact of capital infusion and operational focus. "The revenue ramp-up at Dexcel, combined with strategic capital and Sanlayan's operating discipline, reinforces our confidence in their ability to scale sustainably across the defence electronics value chain," he said. Sanlayan's approach to building capabilities across India's defence electronics ecosystem relies on a three-fold strategy: acquiring mature defence MSMEs, building in-house research and development, and forming global partnerships. The startup is currently developing an Active Electronically Scanned Array (AESA) radar for India's unmanned underwater vehicle (UUV) program, leveraging its internal R&D while collaborating with five domestic startups and international OEMs for advanced joint development. "What drew us to Sanlayan was their clear understanding of India's defence electronics landscape, and their hybrid strategy to solve it," said investor Ashish Kacholia. "This is not just a business opportunity; it's a national imperative." The company plans to rapidly scale its operations with a major hiring drive. Sanlayan aims to grow its engineering team fivefold over the next six months by recruiting R&D scientists, domain experts, retired military personnel, and senior executives from both private and public sector defence institutions. "India's defence sector is at a once-in-a-generation inflection point," said Rohan Gala, co-founder and CEO of Sanlayan. "We are allocating capital for suo-moto development of critical technologies for CUAS and EW systems. In the last six months, we have strengthened Dexcel's design and manufacturing capabilities and are now gearing up to execute large-scale indigenisation and upgrade programs."
