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HB453I-DONATIONS TO FOOD PANTRIES
Summary of the Introduced Bill

HB 453 -- Income Tax Credits for Donations to Food Pantries

Sponsor:  Jetton

This bill authorizes an income tax credit for donations of cash
or food to any local food pantry.  The amount of the tax credit
will be equal to one-half the value of the donation and cannot
exceed $2,500 per taxpayer.  The cumulative amount of the tax
credit that can be issued to all taxpayers will be $2 million per
year.  The Director of the Department of Revenue will establish
the procedure for the allotment of the tax credits so that all
eligible taxpayers will receive a share of the credits available
for the fiscal year.

The provisions of the bill will expire four years from the
effective date.

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Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am