MO HB1919

Allows taxpayers to claim a state income tax credit for donations of at least $5,000 to public university capital improvements funds designated for nursing or allied health professions programs

Tax credit amount cannot exceed 50 percent of the total capital improvements donations made in the taxable year, effective for taxable years beginning January 1, 2010

Unused tax credits that exceed state tax liability may be carried forward for up to four subsequent taxable years but are not refundable

Tax credits are transferable, assignable, and issued on a first-come, first-served basis

Program automatically sunsets on December 31, six years after the effective date unless reauthorized by the General Assembly, with a 12-year sunset if reauthorized