MO HB1154

Allows taxpayers to claim a state income tax credit equal to 50% of cash or food donations to eligible local food pantries, with a maximum credit of $2,500 per taxpayer per year.

Reduces the cumulative annual cap on all donations statewide from $2 million (through December 31, 2012) to $1 million (beginning January 1, 2013).

Requires taxpayers claiming the credit to file an affidavit with their tax return and prohibits the credit from being transferred, sold, or assigned.

Changes the program expiration date to December 31, 2020, with the section terminating on September 1, 2021.

Requires the Department of Revenue to establish procedures to apportion available credits among all taxpayers claiming them by April 15 each fiscal year.