MO SB463

Removes the December 31, 2015 sunset date for the Residential Treatment Agency Tax Credit, which provides a 50% tax credit for donations to licensed residential care facilities serving children who are state residents or wards

Removes the December 31, 2016 sunset date for the Developmental Disability Care Provider Tax Credit, which provides a 50% tax credit for donations to accredited providers serving persons with developmental disabilities

Both tax credits apply to donations of cash, publicly traded stocks and bonds, and real estate used for direct care services including employee compensation and training

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

Credits cannot exceed the taxpayer's state income tax liability and are not refundable