MO HB1296

Creates the "Missouri Earned Income Tax Credit Act" allowing Missouri residents who qualify for the federal earned income tax credit to claim a state credit equal to 20% of their federal credit amount, effective for tax years beginning on or after January 1, 2015

The credit is non-refundable; any amount exceeding the taxpayer's state income tax liability cannot be refunded

Requires the Department of Revenue to proactively identify taxpayers who may qualify but did not apply for the credit, and notify them of potential eligibility using IRS, Treasury, and state tax return data

Mandates the department to contract with nonprofit organizations for outreach to eligible taxpayers unlikely to claim the credit, including non-English speakers, elderly, tenants, and very low-income individuals who don't file annually

Includes a sunset provision automatically terminating the program six years after the effective date unless reauthorized by the General Assembly