HB 368 Summary

• Extends sunset dates for multiple tax credit programs from automatic expiration dates to December 31, 2025, unless reauthorized by the general assembly.

• Renames the "children in crisis tax credit" to the "champion for children tax credit" in sections 135.327 and 135.800.

• Modifies sunset and reauthorization procedures for six benevolent tax credit programs: public safety officer surviving spouse homestead credit (135.090), special needs adoption and children/champion for children credits (135.327), distressed community business relocation credits (135.535), residential dwelling accessibility credits (135.562), pregnancy resource center credits (135.630), and food pantry donation credits (135.647).

• Adds the developmental disability care provider tax credit to the definition of "domestic and social tax credits" in section 135.800.

• Declares the act an emergency measure effective upon passage and approval to ensure continued operation of benevolent tax credits.