MO HB996

Extends the Residential Treatment Agency Tax Credit Act expiration date from December 31, 2015 to December 31, 2020, with the section terminating September 1, 2021 instead of 2016

Extends the Developmental Disability Care Provider Tax Credit Program expiration date from December 31, 2016 to December 31, 2020

Both programs provide a 50% tax credit for eligible donations to qualified residential treatment agencies and developmental disability care providers

Eligible donations include cash, publicly traded stocks and bonds, and real estate used solely for direct care services to Missouri resident children or persons with developmental disabilities

Tax credits may be carried forward for four subsequent tax years and can be assigned, transferred, or sold to new owners