An act relating to tax credits for living organ donations

This bill establishes a Vermont tax credit program to reduce financial barriers for individuals who donate organs or bone marrow for transplantation. Donors can receive a refundable tax credit of up to $10,000 to cover unreimbursed medical, travel, and lodging expenses, as well as lost wages from missing work due to the donation. Employers in Vermont who grant paid time off to employees for organ donation may claim a nonrefundable tax credit equal to 25% of the donor's gross wages for up to 30 days of missed work per donation. The legislation defines eligible donors as Vermont residents and specifies which organs qualify, including liver, pancreas, kidney, intestine, lung, and bone marrow. The act takes effect on January 1, 2024, and prevents donors from deducting these expenses separately from their income tax return.