MO SB1341

Creates the "Missouri Parental Choice Tax Credit Act" allowing taxpayers to claim a 100% tax credit for qualified educational expenses for children enrolled in nonpublic 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 mileage

Maximum tax credit per student is capped at the state adequacy target as defined in section 163.011

Tax credits are refundable (excess amounts refunded as overpayment) but cannot be transferred, sold, or assigned, and cannot be combined with Missouri Empowerment Scholarship Account funds

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