Missouri Senate

Perfected

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 SCS/SBs 632 & 675 (2018) and SS/HB 655 (2017).

CHAMPION FOR CHILDREN TAX CREDIT

The Champion for Children Tax Credit is currently scheduled to expire on March 29, 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.

This act also provides that such tax credits shall not be transferrable. (Section 135.341)

This provision is substantially similar to SB 675 (2018) and to a provision contained in SCS/SBs 632 & 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 act also increases the amount of tax credits that may be authorized in a fiscal year from $100,000 to $200,000.

This provision is substantially similar to a provision contained in SCS/SBs 632 & 675 (2018) and 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.

For all fiscal years beginning on or after July 1, 2019, this act increases the amount of tax credits that may be authorized under this program from $2.5 million to $3.5 million. (Section 135.600)

This provision is identical to a provision contained in SCS/SBs 632 & 675 (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.

For all fiscal years beginning on or after July 1, 2019, this act increases the amount of tax credits that may be authorized under this program from $2.5 million to $3.5 million. (Section 135.630)

This provision is identical to a provision contained in SCS/SBs 632 & 675 (2018), and is similar to a provision contained in SB 15 (2017).

DONATED FOOD TAX CREDIT

This act reauthorizes the Donated Food tax credit until December 31, 2026. Additionally, this act expands such tax credit to include food or cash donated to local soup kitchens or local homeless shelters, as defined in the act, in the taxpayer's area of residence. (Section 135.647)

This provision is substantially similar to SB 804 (2018) and SCS/SB 217 (2017).

This act is substantially similar to SCS/SBs 632 & 675 (2018).

JOSHUA NORBERG