MO SB766

Reauthorizes the Residential Treatment Agency Tax Credit program and extends its sunset date to August 28, 2018, with the section terminating September 1 of the following calendar year.

Increases the maximum tax credit cap from 40% to 50% of payments made by the department to agencies or children's homes in the preceding twelve months.

Allows both qualified residential treatment agencies and children's homes to apply for tax credits, with donations used solely for direct care services including employee compensation and training improvements.

Permits taxpayers to claim a credit equal to 50% of eligible donations against state income taxes, with unused credits carrying forward up to four subsequent taxable years.

Authorizes agencies and children's homes to submit tax credit applications on behalf of taxpayers and to assign, transfer, or sell issued tax credit certificates to other entities.