MO SB19

Extends the expiration date of the residential disability access tax credit from December 31, 2013 to December 31, 2016, allowing taxpayers to continue claiming credits for home modifications that improve accessibility for residents with disabilities.

Increases the aggregate cap on disability access tax credits from an unspecified amount to $100,000 per fiscal year, with credits issued on a first-come, first-served basis.

Modifies section 135.535 to allow up to $100,000 in remaining distressed community tax credits to be redirected annually to fund the disability access credit program when the $10 million distressed community cap is not fully used.

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

Specifies eligible costs include entrance ramps, doorway widening, handrails, stairway lifts, fire alarm modifications, and bathroom modifications for individuals with permanent disabilities.