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Bill > HB1973


MO HB1973

MO HB1973
Modifies provisions relating to the champion for children tax credit for contributions to certain child advocacy organizations


summary

Introduced
01/03/2024
In Committee
02/01/2024
Crossed Over
Passed
Dead
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)

bill text


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