Provides tax credits to any private entity that gives paid time off to an employee who is an organ donor.
If enacted, HB 7407 would amend Title 44 of the General Laws to establish Chapter 72, focused on the Organ Donation Leave Tax Credit. The implications of this bill extend to enhancing support for organ donors in the workforce, thus promoting the importance of organ donation. By encouraging businesses to offer such leave, the legislation anticipates a positive shift in donor rates, benefiting public health and increasing available organs for transplantation.
House Bill 7407 aims to incentivize organ donation by providing tax credits to private employers who offer paid leave to employees that are organ donors. Introduced by a cohort of representatives, the bill proposes that for taxable years from January 1, 2024, through January 1, 2029, private employers will be eligible for a nonrefundable tax credit. This credit would cover employee compensation during their organ donation leave and the costs associated with hiring temporary replacements.
While supporters of the bill argue that it would alleviate the financial burden on employers who wish to support organ donation, critics might contend that such tax credits may not significantly increase the number of organ donors. Additionally, there could be concerns regarding the impact on state tax revenue with the introduction of these credits. Furthermore, the exclusion of public employers from these benefits may instigate discussions about equity in support for organ donation across different employment sectors.