MO HB1132

Increases the cumulative annual tax credit cap for maternity home contributions from $2 million to $2.5 million for fiscal years beginning July 1, 2014 and later, and sets an expiration date of June 30, 2020 for issuing new credits under this section.

Increases the cumulative annual tax credit cap for pregnancy resource center contributions from $2 million to $2.5 million for fiscal years beginning July 1, 2014 and later, with the program expiring December 31, 2019 unless reauthorized.

Increases the cumulative annual tax credit cap for food pantry donations from $1.75 million to $1.9 million (amended language shows change from "one million [two]" to "seven" hundred fifty thousand dollars).

Taxpayers can claim a tax credit equal to 50 percent of contributions made to qualified maternity homes, pregnancy resource centers, or food pantries, with individual annual credit limits of $50,000 for maternity homes and pregnancy centers, and $2,500 for food pantries.

Allows taxpayers to carry over unused tax credits to the next four succeeding taxable years for maternity homes and pregnancy centers, and three subsequent years for food pantries.