HB 2136 -- Tax Credit for Donations to Public School Foundations

Sponsor:  Dixon

This bill authorizes a 50% income tax credit for certain
specified donations to public school foundations beginning with
the 2008 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 with 10,000 or more
students and $12 million for school districts with less than
10,000 students.

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

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm