Bill > SB415

This bill establishes a tax credit program for taxpayers who contribute to qualified organizations supporting individuals recovering from substance use disorders. The tax credit allows taxpayers to claim 50% of their contribution (in cash, stocks, bonds, or real property) against their state tax liability, with a minimum contribution of $250 per tax year. Qualified organizations must be 501(c)(3) nonprofits that provide recovery support services like care coordination, job training, counseling, and housing assistance to justice-involved individuals (those recently released from correctional or mental health facilities). The organizations must have an annual budget under $5 million and no employees earning more than $125,000. The tax credit program is capped at $2.5 million annually, with no single organization receiving more than 20% of the total credits. Credits are non-refundable but can be carried forward for up to four years, and they cannot be transferred or sold. The program will automatically sunset after six years unless reauthorized by the state legislature, with a potential maximum extension of twelve years. The Department of Mental Health will oversee the organization qualification process and work with the Department of Revenue to implement the program.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=390