Bill > HB2882

This bill authorizes a tax credit for individuals and businesses (referred to as "taxpayers") who make charitable contributions to specific organizations that provide mental health services to veterans. A "qualified organization" is defined as a Missouri-based nonprofit exempt from federal taxes (under Section 501(c)(3) of the Internal Revenue Code) that offers a comprehensive range of mental health services, rehabilitation, support, and assistance to veterans with mental health disorders, delivered by licensed professionals or through other approved alternative treatments. The tax credit will be equal to seventy percent of the total contribution to these qualified organizations, with a maximum credit of $50,000 per tax year, and it cannot exceed the taxpayer's total state tax liability. Any unused credit can be carried forward for one succeeding tax year, but it is not refundable and cannot be sold or transferred. To claim the credit, the total contribution must be at least $100, unless it's an excess credit being carried forward. The Director of the Department of Mental Health will determine which organizations qualify and will establish a system for taxpayers to verify an organization's status. Qualified organizations must issue a statement to the taxpayer for each contribution and report the taxpayer's identity and contribution amount to the Department of Revenue. This program is set to sunset six years after its effective date unless reauthorized by the General Assembly.

https://house.mo.gov/Bill.aspx?bill=HB2882&year=2026&code=R