Palin is against abortion in all cases, except those in which it threatens the mother’s life.
She is against exceptions for rape and incest.

From the Juneau Empire:

[Curtis] Smith, [spokesman for the Palin campaign] said Palin is opposed to abortion, but believes an exception should be made if the health of the mother is in danger.

That’s the only exception Palin would make, though, Smith said.

“She doesn’t make exception for rape and incest, only for health of the mother,” he said.

[…] Smith said the important thing about Palin’s abortion views is that she wouldn’t be proposing new anti-abortion legislation, and that while her views on the subject are firm, she’s not running for office to advocate for them.

He accused the Knowles campaign of trying to politicize the issue.

“Tony Knowles is working to divide Alaskans by making abortion an issue,” Smith said.

Knowles spokesperson Patty Ginsburg said Palin was hiding an extreme anti-abortion position.

Palin would even bar abortions in the case of rape or incest, Ginsburg said.

“That’s farther than a lot of pro-life people go,” she said. “It’s pretty extreme.”

Newsweek reported that Gov. Palin said, “I am pro-life. With the exception of a doctor’s determination that the mother’s life would end if the pregnancy continued. I believe that no matter what mistakes we make as a society, we cannot condone ending an innocent’s life.”

The Associated Press reported, Palin expressed opposition to a 2007 Alaska Supreme Court ruling that nixed mandatory parental consent for underage abortions, calling it “outrageous:”

Palin said she directed Attorney General Talis Colberg to file a petition for a rehearing.

“It is outrageous that a minor girl can get an abortion without parental consent,” she said in a prepared statement. “The State Supreme Court has failed Alaska by separating parents from their children during such a critical decision, moving in the exact opposite direction from the law’s intent.”

The Associated Press reported that Palin’s vice presidential candidacy has spurred donations to groups on both sides of the abortion issue:

Last week NARAL Pro-Choice America had the highest grossing week since it began fundraising for the 2008 election, according to staffers, raising more than $120,000 from two e-mail alerts. Planned Parenthood also reported high fundraising numbers from e-mail appeals.

The same held true on the other side of the divide, where anti-abortion groups said Palin sparked an outpouring of money into their coffers. The Susan B. Anthony List, a group that helps promote female candidates who oppose abortion, said its weekly fundraising tripled last week.

While abortion has failed to galvanize voters over the past few election cycles, as issues like the war in Iraq, the economy, and immigration have dominated the debate, Palin’s nomination appears to have returned it to the front burner.

Palin clarified her position on Roe v. Wade in her ABC interview with Charlie Gibson:

GIBSON: Roe v. Wade, do you think it should be reversed?

PALIN: I think it should and I think that states should be able to decide that issue… I am pro-life. I do respect other people’s opinion on this, also, and I think that a culture of life is best for America… What I want to do, when elected vice president, with John McCain, hopefully, be able to reach out and work with those who are on the other side of this issue, because I know that we can all agree on the need for and the desire for fewer abortions in America and greater support for adoption, for other alternatives that women can and should be empowered to embrace, to allow that culture of life. That’s my personal opinion on this, Charlie.