Bill > HB324

This bill modifies the existing food pantry tax credit program in Missouri, expanding the scope and provisions for tax credits related to donations to local food pantries, soup kitchens, and homeless shelters. The bill defines these organizations as 501(c)(3) nonprofits that serve low-income or homeless individuals in a specific area. Taxpayers can receive a tax credit equal to 50% of their donation, with a maximum credit of $2,500 per taxpayer per year. The bill increases the cumulative annual tax credit allocation from $1.75 million to $3 million and extends the program's sunset date from December 31, 2026, to December 31, 2031. Additionally, the bill introduces a new provision that protects taxpayers from penalties and interest if their tax credit is partially denied due to reaching the annual credit limit, provided they pay the remaining balance within 60 days. Eligible donations include cash or food (not expired) to qualifying local nonprofit organizations, and the tax credits cannot be transferred, sold, or assigned. The bill also stipulates that taxpayers must employ only authorized workers to claim the credit and cannot claim multiple credits for a single donation.

https://house.mo.gov/Bill.aspx?bill=HB324&year=2025&code=R