HCS SCS SB 614 -- RESIDENTIAL TREATMENT AGENCY TAX CREDIT ACT

This bill establishes the Residential Treatment Agency Tax Credit
Act which authorizes a tax credit for 50% of the amount
contributed to a qualified residential treatment agency.  To be a
qualified residential treatment agency, the agency must be
licensed under Section 210.484, RSMo, and contract with the
Department of Social Services to provide treatment services.  On
behalf of individuals who have made donations, an agency can
apply for tax credits in an aggregate amount that does not exceed
40% of the payments received by the agency from the department in
the preceding 12 months.

The tax credit is nonrefundable, can be carried back three years
or forward four years, and is fully transferable.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:46 am