HB 392 -- Tax Credit for Pregnancy Resource Centers

Sponsor:  Icet

This bill authorizes a tax credit for 50% of contributions to
qualified pregnancy resource centers.

Pregnancy resource centers are nonresidential facilities that
provide assistance and support to women with crisis or unplanned
pregnancies and do not provide abortions or referrals for
abortion services.

The tax credits authorized may be taken against income tax,
corporate franchise tax, insurance premium tax, financial
institutions tax, and express company tax liability.  The tax
credit is not refundable, but can be carried forward and claimed
for up to four taxable years.

The maximum credit an individual taxpayer can claim is $50,000
per year.  The minimum contribution must exceed $100.
Contributions may be made in cash, stocks, bonds, or other
marketable securities or real property.

The statewide maximum of tax credits that can be taken in any one
year is $2 million.  The Department of Social Services is to
certify the centers and the tax credits and to apportion the
credits when the applications exceed the statewide cap.

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

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:19 pm