TAX CREDITS: Establishes a tax credit for donations made to certain organizations serving victims of human trafficking (OR DECREASE GF RV See Note)

HB 671 establishes a nonrefundable income tax credit for taxpayers who donate to qualifying nonprofit organizations that serve victims of human trafficking. The credit amount is equal to the donation, up to a maximum of $30,000 per taxpayer, with a statewide cap of $300,000 annually awarded on a first-come, first-served basis. Qualifying organizations must operate licensed residential homes and provide specific services like academic, psychiatric, and therapy support to female adolescent victims of human trafficking. Unused credit can be carried forward for up to five years, and the provisions take effect for taxable periods beginning on or after January 1, 2026.