MO HB911

Allows individuals and corporations to designate $1 or more (single return) or $2 or more (combined return) of their tax refunds to the Missouri Veterans' Medical Research Trust Fund starting January 1, 2011.

Enables taxpayers without sufficient refunds to contribute separately by check or draft sent with their tax payment or independently.

Creates the Missouri Veterans' Medical Research Trust Fund as a dedicated fund held by the state treasurer, with distributions of one-half of collected moneys going quarterly (or when balance reaches $250,000) to not-for-profit research corporations authorized under 38 U.S.C. Sections 7361-7366 to support VA-approved research and education projects.

Director of Revenue deposits contributions monthly to the state treasurer, with corporations' contributions reduced by up to one-fourth of one percent to cover collection and handling costs by the Department of Revenue.

Program automatically sunsets December 31, six years after effective date unless reauthorized by the General Assembly, with subsequent reauthorization triggering a twelve-year sunset provision.