MO SB471

Repeals and reenacts section 135.327, RSMo, establishing definitions and procedures for tax credits related to adoption and children in crisis services.

Creates the "Children in Crisis Tax Credit" allowing taxpayers to claim up to 50 percent of verified contributions to qualified agencies (CASA, child advocacy centers, or crisis care centers) with a minimum credit of $50, applicable to tax years beginning January 1, 2006.

Allocates tax credits equally among the three qualified agencies, with unused portions redistributed among remaining agencies; excess claims are proportionally reduced across all eligible taxpayers claiming under that agency.

Requires qualified agencies to apply annually to the Department of Social Services by December 31 to verify eligibility status, with the Department of Revenue receiving the qualified agency list by February 1; tax credit applications must be filed between July 1 and April 15 each fiscal year.

Sets sunset provisions establishing that subsections 7 to 12 authorizing the Children in Crisis Tax Credit shall expire on August 28, 2018, with program termination on September 1, 2019.