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Bill > HB1973
MO HB1973
MO HB1973Modifies provisions relating to the champion for children tax credit for contributions to certain child advocacy organizations
summary
Introduced
01/03/2024
01/03/2024
In Committee
02/01/2024
02/01/2024
Crossed Over
Passed
Dead
05/17/2024
05/17/2024
Introduced Session
2024 Regular Session
Bill Summary
Modifies provisions relating to the champion for children tax credit for contributions to certain child advocacy organizations
AI Summary
This bill modifies the provisions relating to the Champion for Children tax credit, which allows taxpayers to claim a credit of up to 50% (increasing to 70% beginning in 2024) of their verified contributions to qualified agencies such as Court-Appointed Special Advocate (CASA) organizations, child advocacy centers, and crisis care centers. The bill extends the sunset date of the program from 2025 to 2030, increases the cumulative annual cap on the tax credits from $1.5 million to $2.5 million beginning in 2024, and clarifies the process for applying for and claiming the tax credit.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
HCS Voted Do Pass (H) (on 02/27/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://house.mo.gov/Bill.aspx?bill=HB1973&year=2024&code=R |
| Fiscal Note - 4381H.01I.ORG | https://documents.house.mo.gov/billtracking/bills241/fiscal/fispdf/4381H.01I.ORG.pdf |
| Analysis - Summary: Introduced | https://documents.house.mo.gov/billtracking/bills241/sumpdf/HB1973I.pdf |
| BillText | https://documents.house.mo.gov/billtracking/bills241/hlrbillspdf/4381H.01I.pdf |
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