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FISCAL NOTE
House Bill 356
Committee: Ways and Means Education Sponsor: Representative Jamie Kiel
Analyst: Tiffany Weaver Date: 04/24/2024
House Bill 356as reported by the Committee on Ways and Means Education 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, certain state-licensed mobile
medical clinics, 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.