Bill > SB1341

This bill creates the "Missouri Parental Choice Tax Credit Act", which provides a tax credit for parents who choose to educate their children outside of public schools. Starting in 2027, taxpayers can claim a tax credit equal to 100% of qualified educational expenses for students not enrolled in their resident school district, with qualified expenses including tuition, textbooks, educational therapies, tutoring services, curriculum, virtual school fees, testing fees, technological devices, summer and after-school programs, and transportation costs to nonpublic schools. The tax credit cannot exceed the state's adequacy target, cannot be transferred or sold, and any excess credit will be refunded. The credit cannot be used for expenses already paid through Missouri empowerment scholarship accounts. The tax credits can be claimed when filing a tax return, and the Missouri Department of Revenue will create rules to implement the program. The program is set to automatically sunset six years after its effective date unless reauthorized by the state legislature, ensuring periodic review of the tax credit's effectiveness and impact.

Education

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=345