Bill > HB1911

This bill establishes the "Missouri Parental Choice Tax Credit Act," which allows qualified taxpayers to claim a tax credit for certain educational expenses incurred for their qualified students attending qualified schools, such as private, parochial, or home schools. The qualified amount is equal to 100% of the eligible expenses, up to the state adequacy target. The bill defines eligible expenses, qualified taxpayers, qualified students, and qualified schools, and outlines the process for claiming the credit. The bill also includes provisions for auditing, recapturing credits, and rulemaking by the Missouri Department of Revenue. The tax credit program will sunset in 12 years unless reauthorized by the state legislature.

Education

https://house.mo.gov/Bill.aspx?bill=HB1911&year=2024&code=R