HB 1638 -- Income Tax:  Tax Credits for Educational Preparedness

Sponsor:  Wright

Beginning January 1, 2002, this bill provides two types of
refundable tax credits relating to educational preparedness.  The
first provides a credit of $300 for any taxpayer whose dependent
enrolls in first grade and scores 70% or higher on an approved
test measuring educational readiness.  The Department of
Elementary and Secondary Education will develop the test to meet
stated standards and administer it at sites throughout the state
during the summer.  The second provides a credit of $200 for any
taxpayer whose dependent is enrolled in first through twelfth
grade and who purchases approved readiness materials.  The
department will create a list of these materials.  Procedures for
claiming the credits are outlined in the bill, and the department
is given authority to promulgate rules to implement the bill.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am