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SCS/SBs 632 & 675 - This act modifies several provisions relating to tax credits for contributions to certain benevolent organizations. PUBLIC SAFETY OFFICER SURVIVING SPOUSE TAX CREDIT This act reauthorizes the Public Safety Officer Surviving Spouse tax credit until December 31, 2026. (Section 135.090) This provision is identical to a provision contained in SS/HB 655 (2017). CHAMPION FOR CHILDREN TAX CREDIT The Champion for Children Tax Credit is currently scheduled to expire on December 31, 2019. This act reauthorizes the credit until December 31, 2025. This act also modifies the definition of "child advocacy centers" to include associations based in the state, affiliated with a national association, and organized to provide support to certain regional child assessment centers. This act also increases the cap on the aggregate amount of tax credits that may be authorized from $1M to $1.5M. (Section 135.341) This provision is identical to a provision contained in HCS/HBs 1288, 1377, & HB 2050 (2018), and is substantially similar to SB 675 (2018). RESIDENTIAL RENOVATIONS FOR DISABILITY TAX CREDIT This act reauthorizes the Residential Renovations for Disability tax credit until December 31, 2026. (Section 135.562) This provision is identical to a provision contained in SS/HB 655 (2017). MATERNITY HOMES TAX CREDIT This act reauthorizes a tax credit for contributions made to maternity homes until June 30, 2024. The act also modifies the definition of "maternity homes" to require that a maternity home provide services at no cost to clients, and that it not perform, induce, or refer for abortions. The carry-forward provision for tax credits that exceed a taxpayer's tax liability is shortened from four years to one year. Tax credits shall not be assigned, transferred, or sold. This act also provides that tax credits shall be issued in the order contributions are received. If the aggregate amount of tax credits redeemed in a fiscal year is less than the aggregate amount authorized, the difference shall be added to the aggregate amount of tax credits that may be authorized in the subsequent fiscal year. (Section 135.600) This provision is identical to a provision contained in HCS/HBs 1288, 1377, & HB 2050 (2018), and is similar to a provision contained in SB 15 (2017). PREGNANCY RESOURCE CENTER TAX CREDIT This act reauthorizes a tax credit for contributions made to pregnancy resource centers until December 31, 2024. Tax credits shall not be assigned, transferred, or sold. If the aggregate amount of tax credits redeemed in a fiscal year is less than the aggregate amount authorized, the difference shall be added to the aggregate amount of tax credits that may be authorized in the subsequent fiscal year. (Section 135.630) This provision is identical to a provision contained in HCS/HBs 1288, 1377, & HB 2050 (2018), and is similar to a provision contained in SB 15 (2017). TAX CREDIT FOR UNMET NEEDS OF CHILDREN This act provides a tax credit for any taxpayer who makes a contribution to an eligible provider. Eligible providers shall be organizations that provide funding for the unmet health, hunger, and hygiene needs of children in school. The tax credit shall be in an amount of fifty percent of the value of the contribution. An eligible provider may submit an application for the tax credit to the Department of Social Services on behalf of a taxpayer, as described in the act. The tax credits issued under this act shall be transferable and nonrefundable, but may be carried forward to any of the taxpayer's four subsequent taxable years. This provision shall sunset six years after the effective date of this act unless reauthorized by the General Assembly. (Section 135.1125) This provision is identical to SB 631 (2018) and SB 517 (2017), and is similar to SB 948 (2016) and HB 428 (2015). JOSHUA NORBERG
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