Modifies provisions relating to the "Champion for Children" tax credit for contributions to certain child advocacy organizations

HB 2629 modifies the "Champion for Children" tax credit to allow taxpayers to claim a credit equal to up to 50% of donations made to specific child advocacy organizations, such as Court Appointed Special Advocates, child advocacy centers, and crisis care centers. The bill increases this credit percentage to 70% for contributions made in tax years beginning on or after January 1, 2025, while setting a minimum credit value of $50. To qualify, donors must receive a verification letter from the agency, and the total amount of credits available to all taxpayers is capped at $1 million annually until 2019, rising to $1.5 million until 2025, and then to $25 million per year. The legislation also outlines administrative rules for agencies to maintain their status and specifies that any unused credit amount can be carried forward for up to five years but cannot be refunded or sold.