HB 453 -- Income Tax Credits for Donations to Food Pantries

Sponsor:  Jetton

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

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