HB 547 -- Donations to Public School Foundations

Sponsor:  Dixon

Beginning January 1, 2009, this bill authorizes a 50% income tax
credit to a taxpayer for donations to a public school foundation.
The cumulative amount of credits is capped at $20 million, with
no more than $8 million of credits awarded to taxpayers residing
in school districts with 10,000 or more students and no more than
$12 million to taxpayers residing in school districts with less
than 10,000 students.  The tax credit is nonrefundable and cannot
be transferred.

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

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am