Bill > HB121

This bill establishes two new funds and modifies existing tax credit programs to support adoption and newborn safety in Missouri. The "Zero-Cost Adoption Fund" will provide financial assistance to Missouri residents adopting children, with priority given to foster care adoptions, and can help cover adoption expenses, provide post-adoption counseling, recruit adoptive families, and support community-based child welfare interventions. The "Safe Place for Newborns Fund" will support the installation of newborn safety incubators, allowing the state to match up to $10,000 per incubator installed. Additionally, the bill creates a new tax credit program allowing qualified taxpayers to receive a 100% tax credit for contributions to the Zero-Cost Adoption Fund, with an initial annual cap of $5 million that can increase over time. The tax credits can be carried forward for up to four subsequent tax years, cannot be transferred or sold, and will be allocated on a first-come, first-served basis. Both funds will be administered by state treasurers and can accept appropriations, gifts, and donations, with any unused funds not reverting to the general revenue fund. The bill includes provisions for rule-making, sunset clauses, and aims to provide financial support and safety options for newborns and potential adoptive families in Missouri.

Budget and Finance, Government Affairs, Health and Social Services

https://house.mo.gov/Bill.aspx?bill=HB121&year=2025&code=R