HB 1419 -- Taxation:  Donations to Schools

Sponsor:  Shields

This bill creates a tax credit program for taxpayers who donate
cash, stock, bonds, and securities to school districts for
purchase of certain high technology equipment or for donations of
certain high technology directly to school districts.

The non-refundable tax credit can be taken against income tax,
corporate franchise tax, insurance premium tax, financial
institutions tax, or the tax on certain express companies.  The
maximum credit per taxpayer is $200.

The credit applies to tax year 2002 and thereafter.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:01 am