MO SB708

Extends the expiration date of the residential dwelling accessibility tax credit from December 31, 2013 to December 31, 2016, allowing taxpayers to continue claiming credits for home modifications that make dwellings accessible to individuals with disabilities.

Allows taxpayers with federal adjusted gross income of $30,000 or less to claim 100% of accessibility costs up to $2,500 per year, and those with income between $30,000 and $60,000 to claim 50% of costs up to $2,500 per year.

Eligible accessibility costs include ramps, doorway widening, handrails, stairway lifts, fire alarm modifications, and bathroom modifications.

Maintains the annual cap of $100,000 in aggregate tax credits available per fiscal year on a first-come, first-served basis.

Allows tax credits to be refundable up to $2,500 per tax year and permits taxpayers to redeem authorized credits even after the December 31, 2016 expiration date.