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MO HB2252
Bill
Status
4/26/2010
Primary Sponsor
Sally Faith
Click for details
AI Summary
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Allows taxpayers to claim a tax credit equal to 50% of contributions made to qualified pregnancy resource centers, effective for tax years beginning January 1, 2007
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Limits tax credits to a maximum of $50,000 per taxpayer per year, with a minimum contribution of $100 required to claim any credit
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Establishes a cumulative cap of $2 million in tax credits per fiscal year issued on a first-come, first-served basis, with the Director of Social Services responsible for apportioning credits among eligible centers
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Permits tax credits to be assigned, transferred, or sold at no less than 75% of par value and in amounts not exceeding 100% of annual earned credits
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Sets the program expiration date at August 28, 2022, with the section itself terminating September 1, 2023
Legislative Description
Reauthorizes the provisions regarding the tax credit for contributions to pregnancy resource centers and extends the expiration date until August 28, 2022
Last Action
Referred: Governmental Accountability and Fisc Oversight (S)
5/10/2010