Bill > HB653

This bill modifies the provisions related to the food pantry tax credit in Missouri. The key changes include: 1. Expanding the tax credit to donations made to local soup kitchens and local homeless shelters, in addition to local food pantries, starting in 2018. 2. Increasing the cumulative amount of tax credits that can be allocated to all taxpayers contributing to local food pantries, soup kitchens, or homeless shelters in any one fiscal year from $1.75 million to $3 million. 3. Extending the sunset provision for the tax credit program from December 31, 2026 to December 31, 2031, unless further reauthorized by the General Assembly. The bill also clarifies some definitions, such as what qualifies as a "local food pantry," "local soup kitchen," and "local homeless shelter," and maintains the 50% tax credit for eligible donations up to $2,500 per taxpayer.