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Bill > HB1176


MO HB1176

Modifies provisions relating to income tax credits for contributions to pregnancy resource centers, maternity homes, and diaper banks


summary

Introduced
02/04/2025
In Committee
03/13/2025
Crossed Over
Passed
Dead
05/16/2025

Introduced Session

2025 Regular Session

Bill Summary

Modifies provisions relating to income tax credits for contributions to pregnancy resource centers, maternity homes, and diaper banks

AI Summary

This bill modifies the tax credit program for contributions to pregnancy resource centers, maternity homes, and diaper banks in Missouri. For contributions to pregnancy resource centers, the tax credit will increase from 50% to 70% for fiscal years 2021-2025, and then rise to 100% starting in 2026. Similarly, for maternity homes, the tax credit will increase from 50% to 70% for fiscal years ending before June 30, 2022, and then rise to 100% starting July 1, 2026. For diaper banks, the tax credit will be 50% for fiscal years 2019-2026, and then increase to 100% starting July 1, 2026. In all cases, taxpayers can claim up to $50,000 in tax credits per year, with unused credits carried over to the next tax year. The bill also clarifies the definitions of these facilities, emphasizing their non-profit status, focus on supporting pregnant women or families in need, and commitment to not performing or referring for abortions. For pregnancy resource centers and maternity homes, previous annual limits on total tax credits have been removed, allowing for potentially unlimited credits, while diaper banks remain capped at $500,000 annually.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (5)

Last Action

Reported Do Pass (H) - AYES: 7 NOES: 2 PRESENT: 0 (on 03/13/2025)

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