logo
New bill provides tax credit for pregnancy resource center donors

New bill provides tax credit for pregnancy resource center donors

Yahoo18-04-2025
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 This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Infinite Beauty: Why The Future Of Sustainable Packaging Is Circular
Infinite Beauty: Why The Future Of Sustainable Packaging Is Circular

Forbes

timean hour ago

  • Forbes

Infinite Beauty: Why The Future Of Sustainable Packaging Is Circular

Alexander Kwapis, Global Head of Innovation, R&D, and Engineering at FusionPKG, an Aptar Beauty Company. In an industry obsessed with transformation, the beauty sector is long overdue for one of its own—not in skincare or color but in how it handles packaging waste. Today's systems weren't designed for the complexity of beauty products. But that's starting to change, thanks to a shift toward circular economy thinking and a new wave of recycling technologies that promise to break the waste cycle for good. What Is A Circular Economy—And Why It Matters In Beauty The circular economy is more than just a sustainability buzzword. It's a systemic shift away from the linear 'take-make-dispose' model and toward one that designs out waste, keeps materials in use and regenerates natural systems. Packaging isn't an afterthought in a circular model—it's an asset. It's a resource to be recovered, reused and remade again and again. For beauty, that means reimagining everything: how materials are sourced, how packaging is designed and what happens at end-of-life. The goal? Prevent packaging from becoming waste in the first place—a tall order in a category known for small formats, complex pumps and luxurious layers. But now, thanks to molecular recycling and collective action, the industry finally has the tools to make that vision real. Molecular Recycling: The Technology Unlocking Infinite Reuse While mechanical recycling has been the standard for decades, it comes with constraints: It can only handle certain plastics (like PET and HDPE), requires clean material streams and degrades quality with each cycle. That's a problem when beauty packaging is often small, mixed-material and product-contaminated. Enter molecular recycling—also called advanced or chemical recycling. This next-gen technology breaks plastics down to their molecular building blocks (monomers), which can be reassembled into virgin-quality resin—without relying on fossil fuels. Companies Leading The Charge • Eastman uses polyester renewal technology and carbon renewal technology to process hard-to-recycle plastics into new materials with no performance loss. Its Kingsport, Tennessee, facility is now one of the world's largest molecular recycling sites, producing high-grade recycled content for beauty, textiles and more. • SK Chemicals is commercializing chemically recycled PET (CR-PET) and BHET from textile and packaging waste, with investments that make them one of the few suppliers globally offering mass production of infinite-loop PET. Its systems can handle even complex inputs like cosmetics containers and fibers. • PureCycle Technologies specializes in recycling polypropylene (commonly marked as No. 5 plastic) through a patented solvent-based purification process. This innovative method removes color, odor and contaminants from waste polypropylene (PP), producing ultra-pure recycled resin known as PureFive. The resulting material closely resembles virgin plastic and can be recycled multiple times without significant degradation. With these technologies, materials that would otherwise be incinerated or downcycled can be turned into high-performance packaging—again and again. Why Curbside Recycling Still Falls Short Unfortunately, today's curbside systems in the U.S. aren't built to process beauty packaging. Most recycling facilities (MRFs) are optimized for large, simple items—not mascaras, pumps with springs or multilayer tubes and bottles. Some of the key barriers include: • Size: Items under 2 inches often fall through sorting equipment. • Complexity: Mixed materials (e.g., plastic + metal) are hard to separate. • Residue: Leftover products can contaminate entire batches. • Color: Dark or opaque plastics are hard for optical sorters to detect. According to the Ellen MacArthur Foundation, 62% of beauty packaging is still non-recyclable, even when technically recyclable. Worse, some facilities report that 20% to 25% of collected materials are unrecyclable due to contamination or design. In short, recyclability on paper doesn't equal recyclability in practice. Closing The Loop: The Role Of Pact And TerraCycle Two organizations are helping bridge the gap between recyclability and actual recycling: Founded by MOB Beauty and Credo, the Pact Collective is a nonprofit focused entirely on beauty. With more than 140 brand and retailer members, Pact installs collection bins at major stores like Sephora and Ulta and runs mail-back programs for hard-to-recycle formats. Beyond logistics, it also advises brands on how to design for circularity, influencing upstream change. One of the most recognized names in private recycling, TerraCycle collects complex waste (like pumps and laminates) through both branded and general programs. Brands including Garnier, Nordstrom and L'Oréal have worked with them to implement drop-off and take-back programs. Its innovation platform, Loop, also reimagines packaging with reusable formats designed to last hundreds of uses. Together, Pact and TerraCycle are building infrastructure where traditional systems fail, helping beauty brands demonstrate true circular commitment. The Future Of Recyclable Design At FusionPKG, we believe design is the first and most powerful step toward circularity. That's why we're proud to lead with packages that are not just innovative but recyclable within real-world systems. Our Airless-One package meets Preferred Guidance from the Association of Plastic Recyclers (APR)—the most stringent standard for recyclability in North America. It eliminates non-recyclable materials, uses a single material stream and is optimized for recycling—without compromising product protection or performance. More than a technical achievement, Airless-One represents a broader shift from legacy multicomponent packaging to mono-material, circular-ready solutions. While we continue to push boundaries, we're seeing other suppliers start to follow suit, racing to create packages that are more compatible with recycling realities. Looking Ahead: A Circular Future For Beauty The future of recycling in beauty won't hinge on one fix but rather require smart design, emerging tech and evolving policy: • Molecular recycling is scaling, and mono-material packaging is making circularity more achievable without compromising performance. • Regulations like the EU's PPWR and California's new laws are setting stricter standards for recyclability and recycled content. • Collaboration is growing, with groups like Pact and platforms like Loop driving collective progress. Change won't happen overnight. But with consumer pressure, regulatory push and innovations from beauty suppliers and resin manufacturers, beauty is on track to lead the circular movement—with packaging that's not just beautiful but built to last. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?

TDK Ventures Invests in Ultraviolette to Support Global Expansion of Electric Two-Wheelers
TDK Ventures Invests in Ultraviolette to Support Global Expansion of Electric Two-Wheelers

Entrepreneur

time2 hours ago

  • Entrepreneur

TDK Ventures Invests in Ultraviolette to Support Global Expansion of Electric Two-Wheelers

Ultraviolette plans to use the funds to accelerate R&D in advanced battery platforms, scale manufacturing, expand its retail footprint from 20 cities to over 100 cities in India You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Japanese deep-tech investor TDK Ventures, the corporate venture capital arm of TDK Corporation, has made a strategic investment in electric mobility company Ultraviolette as part of its latest USD 21 million funding round. The round also saw continued participation from existing investors Zoho Corporation and Lingotto (formerly Exor Capital), along with other institutional backers. Ultraviolette plans to use the funds to accelerate R&D in advanced battery platforms, scale manufacturing, expand its retail footprint from 20 cities to over 100 cities in India, and grow its presence in global markets. Its flagship electric motorcycle, the F77, is the first Indian electric two-wheeler to receive European certification and is being sold in 10 European countries. "Mobility is undergoing a radical transformation, and at Ultraviolette, we are leading that change through cutting-edge innovation," said Narayan Subramaniam, CEO and Co-founder of Ultraviolette. "Our partnership with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems. This collaboration not only accelerates our vision of future-ready mobility but also reinforces our commitment to delivering electric vehicles that are aspirational and globally relevant." Niraj Rajmohan, CTO and Co-founder, added, "Through this partnership with TDK Ventures, Ultraviolette will continue to innovate in deep-tech to shape the future of mobility. Together, we will continue to push the boundaries in building safer, smarter, and a more efficient electric mobility ecosystem." Ravi Jain, Investment Director at TDK Ventures, said, "We look forward to bringing our TDK Goodness to Ultraviolette and their ambitious plan to design the next generation of energy efficient and performance EV two-wheeler platforms. TDK Ventures is excited to support Ultraviolette in their relentless pursuit of growing their global reach." Founded in Bengaluru, Ultraviolette develops performance-oriented electric motorcycles that combine futuristic design with precision engineering. Alongside its domestic expansion, the company aims to strengthen its position in international markets. TDK Ventures, which invests in scalable energy, mobility, and sustainability solutions, established its Bengaluru Innovation Hub in 2023 to support Indian entrepreneurs in taking their technologies to global markets.

Brandworks Technologies Raises USD 7 Million
Brandworks Technologies Raises USD 7 Million

Entrepreneur

time3 hours ago

  • Entrepreneur

Brandworks Technologies Raises USD 7 Million

The funding will be used to expand and upgrade the company's R&D centres, establish partnerships in key international markets, develop next-generation product platforms, and scale manufacturing through new high-efficiency production line You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Brandworks Technologies, an electronics design-led manufacturing company, has raised USD 7 million (approximately INR 61 crore) in a Series A round led by Cactus Partners (CPL), with participation from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group. The funding will be used to expand and upgrade the company's R&D centres, establish partnerships in key international markets, develop next-generation product platforms, and scale manufacturing through new high-efficiency production lines. The company also plans to strengthen its workforce by hiring additional engineering, design, and operations talent. "This fundraise is fuel for a much larger mission — to make Brandworks a global leader in electronics R&D and manufacturing," said Ishwar Kumhar, Co-founder of Brandworks Technologies. "We're here to prove that world-class innovation can be imagined, designed, and built in India, and delivered to the world." Co-founder Nikita Kumawat added, "We are truly delighted to partner with Cactus Partners. Their proactive support and thoughtful involvement have been instrumental for us. As a founder-focused fund with deep expertise in the sector, they bring invaluable insight and commitment to helping ventures like ours succeed." Amit Sharma, General Partner at Cactus Partners, said, "The way Ishwar and Nikita have built this business so far is truly commendable. The robust and consistent growth, while maintaining healthy economics, is a testament to their impeccable execution. Electronics manufacturing as an industry is expected to grow at a healthy pace in the foreseeable future, thanks to the 'Make in India' initiatives and changing supply chains and geopolitics. High-quality and well-managed companies such as Brandworks are well positioned to grow at a significantly faster pace than the industry." Brandworks works across AI hardware, IoT solutions, audio systems, charging technologies, financial devices, surveillance systems, and renewable energy products. It partners with global chip companies to co-create products with a focus on design excellence and manufacturing precision. This is CPL's eleventh investment from its maiden fund and third in the manufacturing sector. Previous investments include Lohum, Indigrid, Intangles, Kapture, Vitraya, AMPM, Auric, Parkmate, Ananant Systems, and Rubix (exited).

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store