Senate Committee Substitute for Senate Bills 638 & 647

• Repeals and re-enacts four sections (135.460, 135.600, 135.630, and 135.647) related to benevolent tax credits for youth programs, maternity homes, pregnancy resource centers, and food pantries.

• Youth Opportunities and Violence Prevention Act: Allows taxpayers 30% credit for property donations and 50% credit for monetary donations to authorized youth programs (adopt-a-school, employment programs, youth clubs, mentorship, etc.), capped at $200,000 per taxpayer annually; unused credits carry forward five years.

• Maternity Home Tax Credit: Permits 50% tax credit on contributions to maternity homes, capped at $50,000 annually per taxpayer; cumulative statewide cap increased from $2 million to $2.5 million for fiscal years beginning July 1, 2014; credits expire June 30, 2020.

• Pregnancy Resource Center Tax Credit: Allows 50% tax credit for contributions to pregnancy resource centers, capped at $50,000 annually; cumulative statewide cap increased to $2.5 million for fiscal years beginning July 1, 2014; program authorized through December 31, 2019.

• Local Food Pantry Tax Credit: Provides 50% tax credit for cash or food donations to food pantries, capped at $2,500 per taxpayer; cumulative annual statewide cap increased from $1 million to $1.75 million; program authorized through December 31, 2019.