HB 45 -- INCOME TAX CREDIT FOR DONATIONS TO SENIOR CITIZEN
SERVICES CENTERS

SPONSOR:  Sater

COMMITTEE ACTION:  Voted "do pass" by the Committee on Senior
Citizen Advocacy by a vote of 9 to 0.

Beginning January 1, 2010, this bill authorizes an income tax
credit for donations of cash or food to any senior citizen
services center.  The amount of the tax credit will be 50% of the
donation's value and cannot exceed $2,500 per taxpayer.  The
taxpayer must file an affidavit with his or her income tax return
verifying the contribution.  The tax credit is nonrefundable and
cannot be transferred but can be carried forward three years.
The annual cumulative amount of tax credits that can be issued is
$2 million.  If the applications exceed that amount, the Director
of the Department of Revenue will establish a procedure by which
the credits are apportioned among all applicants.

The provisions of the bill will expire December 31 five years
from the effective date.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of $82,839
in FY 2010, $89,110 to $2,089,110 in FY 2011, and $91,784 to
$2,091,784 in FY 2012.  No impact on Other State Funds in FY
2010, FY 2011, and FY 2012.

PROPONENTS:  Supporters say that senior services centers are
vital to the health care system and help keep the elderly in
their homes for longer periods of time.  These donations will
help support the centers.

Testifying for the bill were Representative Sater; Bill Trimm,
Silver Haired Legislature; and Department of Health and Senior
Services.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:23 am