SECOND REGULAR SESSION
HOUSE BILL NO. 1222
91ST GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE SHIELDS.
Pre-filed December 12, 2001, and 1000 copies ordered printed.
TED WEDEL, Chief Clerk
AN ACT
To amend chapter 135, RSMo, by adding thereto one new section relating to donations of teachers to schools.
Section A. Chapter 135, RSMo, is amended by adding thereto one new section, to be known as section 135.342, to read as follows:
135.342. For all tax years beginning on or after January 1, 2002, a taxpayer who is a teacher, as defined in
subdivision (15) of section 163.011, RSMo, shall, to the extent such taxpayer claims no other credit or deduction for
the same expenditures, be allowed to claim a credit against the tax otherwise due pursuant to chapter 143, RSMo,
excluding sections 143.191 to 143.265, RSMo, in an amount equal to the lesser of two hundred fifty dollars or the
amount of such taxpayer's out-of-pocket expenditures during the same tax year for instructional materials used in
the course of such taxpayer's employment as a teacher. A taxpayer shall claim the credit allowed by this section at
the time such taxpayer files a return; provided that, a taxpayer who fails to timely file such taxpayer's return shall
not be eligible for a credit pursuant to this section. The tax credit allowed pursuant to this section shall be
nonrefundable, but may be carried over to the next five succeeding taxable years until the full credit has been
claimed. The department of revenue is authorized to adopt any rules or regulations deemed necessary for the
effective administration of this section. No rule or portion of a rule promulgated pursuant to the authority of this
section shall become effective unless it has been promulgated pursuant to chapter 536, RSMo.
Missouri House of Representatives