Bill > HB364

This bill establishes a new tax credit program for charitable donations to local hospital foundations in Missouri. Under the bill, qualified taxpayers can receive a tax credit equal to 50% of their donations to a local hospital foundation, with a maximum credit of $2,500 per taxpayer. To be eligible, the hospital foundation must be a 501(c)(3) nonprofit that provides financial relief for unpaid hospital bills in the taxpayer's area. The total amount of tax credits available statewide is limited to $2 million per calendar year, and credits will be awarded on a first-come, first-served basis. The tax credits cannot be refunded or transferred, but unused credits can be carried forward for up to three subsequent tax years. The program will automatically sunset six years after its effective date (January 1, 2026) unless reauthorized by the Missouri General Assembly. Taxpayers must file an affidavit with their income tax return verifying their donation amount, and the tax credit can only be used to offset state income tax liability. The bill also includes provisions for the Department of Revenue to create rules and regulations for implementing the tax credit program.

Government Affairs, Health and Social Services

https://house.mo.gov/Bill.aspx?bill=HB364&year=2025&code=R