MO SB582

Allows taxpayers to claim a tax credit equal to 50 percent of contributions made to qualified pregnancy resource centers, effective for tax years beginning January 1, 2007.

Pregnancy resource centers must be nonresidential facilities that provide crisis pregnancy assistance, do not perform or refer abortions, provide free services, and maintain tax-exempt status under federal law.

Tax credits are capped at $50,000 per taxpayer per year, with a cumulative statewide cap of $2 million per fiscal year, issued on a first-come, first-served basis.

Unused tax credits may be carried forward for up to four succeeding tax years, and credits may be assigned, transferred, or sold for at least 75 percent of par value.

Program is reauthorized and will automatically sunset on December 31, 2018, unless reauthorized by the general assembly for additional periods of up to six years.