Bill > SB845

This bill creates a new tax credit program for contributions to youth police initiatives in urban areas of Missouri. Specifically, the bill allows taxpayers to claim a 100% tax credit for donations to eligible non-profit organizations that run programs designed to build trust between at-risk youth and local police officers. The tax credit will be available for tax years starting January 1, 2026, with a total annual cap of $500,000 in credits. While the credits are not refundable, they can be carried forward for up to five subsequent tax years and can also be transferred, sold, or assigned. The Missouri Department of Public Safety will be responsible for maintaining a public list of eligible entities and managing the application process. Taxpayers seeking the credit must submit documentation of their contribution, including their name, the recipient organization, and proof of the donation amount. The program is set to automatically sunset after six years unless the state legislature reauthorizes it, ensuring periodic review of the initiative's effectiveness and impact.

Transportation and Infrastructure

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=280