MO HB581

Creates the "Missouri Earned Income Tax Credit Act" allowing resident individuals to claim a state tax credit equal to 20% of their federal earned income tax credit, effective for taxable years beginning January 1, 2011

Credit is applied against state income tax liability under chapter 143, with excess amounts refunded to taxpayers; married filing separately filers may split the credit between spouses or apply it to one spouse's liability

Requires the Department of Revenue to identify potentially eligible taxpayers who have not applied for the credit and notify them of their eligibility using federal and state tax data

Department of Revenue must contract with nonprofit organizations to provide outreach and notice of the credit to hard-to-reach populations including non-English speakers, elderly, tenants, and very low-income taxpayers

Requires annual reporting on credit usage including total revenue expended, number of credits claimed, and average credit values by income ranges; program sunsets after 6 years unless reauthorized by the legislature