HB 323 -- Income Tax Credit for Home Remodeling for the Disabled

Sponsor:  Sutherland

Currently, up to $100,000 in tax credits remaining unused under
the Rebuilding Communities Tax Credit Program are allocated for
use by taxpayers who modify their homes for a disabled person
residing with them.  This bill removes the $100,000 cap and
allows any available tax credits to be used for these
modifications, with the program capped at $10 million annually.
The bill also removes the annual per taxpayer cap of $2,500 and
adds kitchen modifications and room additions in order for a
disabled family member to move into the taxpayer's home to the
eligible costs that can be claimed for this credit.  The credit
cannot be refunded or transferred, but can be carried forward up
to five years.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:24 am