Bill > SB873

This bill modifies existing tax credit legislation to provide financial incentives for supporting domestic violence shelters and housing for victims of domestic violence. The bill increases the tax credit percentage from 50% to 70% for contributions to domestic violence shelters and rape crisis centers starting July 1, 2022, and removes the previous $2 million annual cap on such credits. Additionally, the bill introduces two new tax credit provisions effective January 1, 2027: a $1,000 credit for converting abandoned property into an operational domestic violence shelter, and a $500 credit for renting residential real estate to a domestic violence victim, with a strict provision that the victim's identity must remain confidential. The bill defines key terms such as "contribution", "shelter for victims of domestic violence", and "taxpayer", and establishes that tax credits cannot exceed a taxpayer's annual state tax liability and are limited to $50,000 per year. The Department of Social Services will be responsible for determining which facilities qualify as domestic violence shelters or rape crisis centers and establishing procedures for claiming these tax credits.

Business and Industry

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=634