Bill > HB2216

This bill establishes the "Missouri Gives Tax Credit Act", which creates a tax credit program for individuals and businesses that make contributions to permanent endowment funds managed by qualified community foundations. Under the bill, taxpayers can claim a tax credit equal to 25% of their contribution, with a maximum credit of $100,000 per taxpayer and a statewide annual cap of $5 million in total credits. The bill defines specific terms such as "endowment gift" (an irrevocable contribution to a permanent endowment fund) and "qualified community foundation" (a community foundation that meets certain national standards). The tax credits are non-refundable, cannot be carried forward or transferred, and are specifically designed to support charitable contributions benefiting Missouri residents or charities. The program will begin on January 1, 2027, and is set to sunset six years later unless reauthorized by the state legislature. To claim the credit, taxpayers must file a receipt and affidavit with their income tax return verifying their contribution, and 25% of the annual credit pool is reserved for smaller gifts under $25,000.

https://house.mo.gov/Bill.aspx?bill=HB2216&year=2026&code=R