MO HB385

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 and later.

Limits tax credits to $50,000 per taxpayer per year, with minimum contributions of $100 required to claim the credit; unused credits may be carried forward up to four succeeding tax years.

Defines qualifying pregnancy resource centers as nonresidential facilities providing pregnancy testing, counseling, and material support to encourage women to carry pregnancies to term, while prohibiting abortion services and requiring tax-exempt status.

Caps total tax credits available statewide at $2 million per fiscal year, distributed on a first-come, first-served basis with the Department of Social Services able to reapportion unused credits among centers.

Allows tax credits to be assigned, transferred, or sold at no less than 75% of par value; the program expires August 28, 2023.