MO SB1163

Creates the "Missouri Parental Choice Tax Credit Act" allowing taxpayers to claim a 100% tax credit for qualified educational expenses for children educated outside public schools, effective January 1, 2027

Qualified expenses include nonpublic school tuition and fees, textbooks, educational therapies, tutoring, curriculum, private virtual school fees, standardized testing fees, computer hardware, summer/after-school programs, and transportation costs

Maximum tax credit per student is capped at the state adequacy target; credits are refundable but cannot be transferred, sold, or assigned

Taxpayers cannot claim the credit for expenses already paid through a Missouri Empowerment Scholarship Account

Program automatically sunsets six years after the effective date unless reauthorized by the General Assembly