Bill > SB1592

This bill, effective for tax years beginning on or after January 1, 2027, establishes a tax credit for taxpayers who contribute to "prevention resource centers," which are defined as not-for-profit organizations focused on reducing the misuse of alcohol, tobacco, and other drugs. Taxpayers can claim a credit equal to seventy percent of their contribution, with a maximum credit of $100,000 per tax year and a total statewide cap of $2.5 million in credits annually. Contributions must be at least $100 to qualify for the credit, and any unused credit can be carried over to the next tax year, though it cannot be sold or transferred. The Director of the Department of Mental Health will be responsible for certifying which entities qualify as prevention resource centers and will oversee a process for taxpayers to verify this status, while prevention resource centers can choose to decline contributions. The bill also outlines reporting requirements for prevention resource centers to provide contribution information to the Director, who will then share it with the Director of Revenue, subject to confidentiality laws.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=2468573