CCS#2 HCS SCS SB 86 -- TAX CREDITS FOR SERVICES FOR CHILDREN

This bill changes the laws regarding tax credits for children in
crisis by specifying that the cumulative cap on the nonrecurring
adoption expenses cannot be more than $4 million unless
additional funds are appropriated in any fiscal year beginning on
or after July 1, 2004, and dividing the amount of remaining tax
credits available for the children in crisis tax credit equally
among court-appointed special advocate (CASA) entities, child
advocacy centers, and crisis care centers.  If tax credits
claimed under one agency do not total the allocated amount for
that agency, the remaining tax credits will be allocated equally
among the remaining agencies.  If the total amount of tax credits
claimed for any one agency exceeds the amount available for that
agency, the amount redeemed will be apportioned equally to all
eligible taxpayers claiming the credit under that agency.

The Residential Treatment Agency Tax Credit Act is revised so
that an eligible donation made to a state agency providing
services for children in residential facilities can include cash,
publicly traded stocks and bonds, and real estate.  These
donations will be valued and documented according to rules
established by the Department of Social Services.

The bill contains an emergency clause.

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