Bill > SB53

This bill establishes a tax credit program for educational expenses related to private schools and home schools in Missouri. The bill allows taxpayers to claim a tax credit equal to 100% of qualified educational expenses for a student, up to the state adequacy target, for tax years beginning on or after January 1, 2026. Qualified expenses include tuition, textbooks, educational therapies, tutoring services, curriculum, virtual school fees, testing fees, computer hardware, summer and after-school programs, and transportation costs to private or home schools. The tax credit is only available for taxpayers whose qualified students are not enrolled in their resident school district. The tax credits cannot be transferred, sold, or assigned, and any excess credit will be refunded. To claim the credit, taxpayers must obtain certification from the Department of Elementary and Secondary Education verifying that the student was not enrolled in the resident school district. The bill also provides that the revenue distributed to school districts will be reduced by the aggregate amount of tax credits claimed by taxpayers in that district, effectively offsetting the financial impact of the tax credit program.

Education

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=291