MO SB1547

Increases the maximum individual tax credit cap from $50,000 to $100,000 per taxpayer per year for contributions to domestic violence shelters, rape crisis centers, maternity homes, diaper banks, and pregnancy resource centers, with annual adjustments for inflation based on the Consumer Price Index

Creates a 100% tax credit (up from 70%) beginning July 1, 2026, for contributions to qualifying organizations located in or serving rural areas, as defined by the federal Rural Health Transformation Program administered by CMS

Adds a new definition of "rural area" to each tax credit section, encompassing counties, census tracts, or geographic areas classified as rural under federal CMS criteria or designated as rural/rural-adjacent by the Missouri Department of Social Services

Removes the cumulative annual cap on total tax credits for diaper bank contributions starting July 1, 2026, matching the unlimited caps already in effect for the other benevolent tax credit programs

Exempts the diaper bank and pregnancy resource center tax credit programs from Missouri's sunset provisions under section 23.253, making these programs permanent