HB 970 -- Tax Credit for Donations to Public School Foundations

Sponsor:  Dixon

This bill authorizes a 50% tax credit for donations to public
school foundations, as specified in the bill, beginning with the
2007 tax year.  The cumulative amount of credits is capped at $20
million, with no more than $8 million of credits awarded for
donations to school foundations of districts that have 10,000 or
more students and $12 million for school districts of less than
10,000.

The provisions of the bill will expire on December 31 six years
from the effective date.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am