HCS HB 453 -- INCOME TAX CREDITS FOR DONATIONS TO FOOD PANTRIES

SPONSOR:  Nance (Jetton)

COMMITTEE ACTION:  Voted "do pass" by the Special Committee on
Senior Citizen Advocacy by a vote of 9 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 distributing 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 $31,188
to $2,031,188 in FY 2008, $32,248 to $2,032,248 in FY 2009, and
$33,216 to $2,033,216 in FY 2010.  No impact on Other State Funds
in FY 2008, FY 2009, and FY 2010.

PROPONENTS:  Supporters say that the bill encourages more local
support of food pantries because of the tax credit incentive.

Testifying for the bill were Speaker Jetton; AARP; Silver Haired
Legislature; and Missouri Alliance of Area Agencies on Aging.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am