Bill > SB360

This bill modifies the provisions of the Missouri Empowerment Scholarship Accounts Program. It includes the following key changes: 1. Increases the cumulative annual tax credit cap from $50 million to an amount that is annually adjusted for inflation, with an additional adjustment based on transportation aid funding levels. 2. Establishes a first-come, first-served process for allocating tax credits to educational assistance organizations, with the ability to reallocate unused credits. 3. Requires educational assistance organizations to distribute scholarship funds in a specific order, prioritizing students with individualized education plans (IEPs) or from low-income households. 4. Imposes various financial and administrative requirements on educational assistance organizations, including audit, reporting, and student testing provisions. 5. Expands the definition of "qualified student" to include students from any county with a charter form of government or any county containing a city with at least 30,000 inhabitants, regardless of household income. Overall, the bill aims to modify and expand the Missouri Empowerment Scholarship Accounts Program, which provides tax credits for contributions to scholarship funds that assist eligible students.

Education

https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44742