HB 1485 -- Tax Credit for Pregnancy Resource Centers

Sponsor:  Icet

This bill authorizes an income 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 credit 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 a taxpayer can claim is $50,000 per year, and
the minimum contribution must be at least $100.  The statewide
maximum of tax credits that can be taken in any one year is $2
million.  The Department of Social Services is to designate the
centers and 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, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am