Bill > HB3204

This bill authorizes a tax credit for taxpayers who contribute to prevention resource centers, which are entities within the Missouri Department of Mental Health's prevention resource center network, starting for tax years on or after January 1, 2027. The tax credit will be for seventy percent of the contributed amount, with a maximum credit of $50,000 per taxpayer per year, and a minimum contribution of $50 required to claim the credit. The total amount of tax credits allowed to all taxpayers combined is capped at $2.5 million annually, and credits exceeding the tax due or not issued due to the cap can be carried over for up to five years, though they cannot be sold or transferred. The Director of the Department of Mental Health will annually determine which facilities qualify as prevention resource centers and establish a process for taxpayers to verify this, with prevention resource centers having the option to decline contributions. Taxpayers will claim the credit by attaching verification from the center to their tax return, and the centers must report contributor information to the Director, who will then share it with the Director of Revenue, subject to confidentiality rules. This new program will automatically sunset six years after its effective date unless reauthorized by the General Assembly.