Bill > SB1163

This bill creates the "Missouri Parental Choice Tax Credit Act," which allows taxpayers to claim a 100% tax credit for certain educational expenses for students not enrolled in public schools. The bill defines "qualified expenses" broadly, including tuition, textbooks, educational therapies, tutoring services, curriculum, private virtual school fees, testing fees, computer hardware, summer education programs, and transportation costs to nonpublic schools. To be eligible, a taxpayer must have a "qualified student" (a child not enrolled in public school) and cannot have enrolled the student in their resident school district. The tax credit is limited to the state adequacy target, cannot be transferred or sold, and any excess credit will be refunded. The program is set to begin on January 1, 2027, and will automatically sunset six years later unless reauthorized by the state legislature. Notably, the bill prohibits using this tax credit for expenses already covered by Missouri empowerment scholarship accounts. The Missouri Department of Revenue will be responsible for creating rules to implement this program, with specific guidelines for rule creation and review.

Education

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=492