HCS HB 1581 -- INCOME TAX CREDIT FOR DONATIONS TO FOOD PANTRIES

SPONSOR:  Bruns (Jetton)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Senior
Citizen Advocacy by a vote of 11 to 0.

This substitute 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 substitute will expire four years from the
effective date.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of $34,895
to $2,034,895 in FY 2007, $35,331 to $2,035,331 in FY 2008, and
$36,218 to $2,036,218 in FY 2009.  No impact on Other State Funds
in FY 2007, FY 2008, and FY 2009.

PROPONENTS:  Supporters say that the bill will increase donations
to food pantries by individuals and businesses and help food
pantries to expand their food reserves.  The bill will create
future savings in health care costs by improving the nutritional
needs of senior citizens.

Testifying for the bill were Representative Jetton; Silver Haired
Legislature; Peggy Kirkpatrick; AARP; Missouri Alliance of Area
Agencies on Aging; Missouri Grocers Association; Missouri
Retailers Association; Missouri Association for Community Action,
Incorporated; and Erma Cunningham.

OPPONENTS:  There was no opposition voiced to the committee.

Alex Curchin, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am