FN-P38LEEE-1
Page 1
FISCAL NOTE
House Bill 356
Committee: Ways and Means Education Sponsor: Representative Jamie Kiel
Analyst: Tiffany Weaver Date: 04/22/2024
House Bill 356as introduced would decrease income tax receipts to the Education Trust Fund
by an estimated $10 million annually in fiscal years 2026 through 2030 by providing a state
income tax credit to individuals and businesses for voluntary cash contributions made to eligible
pregnancy centers or residential maternity facilities. The bill would also cap the amounts of
credit that may be allocated in any year at $10 million.
In addition, this bill would increase the administrative obligations of the Department of Revenue
to: (1) review, validate, and approve applications to become an eligible charitable organization;
(2) compile and make public a list of eligible charitable organizations; and (3) to enact rules to
implement and administer the provisions of this bill.
Pursuant to the provisions of the ETF Rolling Reserve Act contained in Section 29-9-3(b)(3),
Code of Alabama 1975, the provisions of this act will reduce the ETF fiscal year appropriation
cap for fiscal year 2026 by a maximum of $10 million.