HB 2259 -- Tax Credit for Donations to Senior Citizen Services
Centers

Sponsor:  Brandom

Beginning January 1, 2008, this bill authorizes an income tax
credit for donations of cash or food to any senior citizen
services center.  The amount of the tax credit will be one-half
the value of the donation and cannot exceed $2,500 per taxpayer.
The taxpayer must file an affidavit with his or her income tax
return verifying the contribution.  The tax credit is
nonrefundable and cannot be transferred, sold, or assigned but
can be carried forward three years.  The annual cumulative amount
of tax credits that can be issued is $2 million.  If the
applications exceed that amount, the Director of the Department
of Revenue will establish a procedure by which the credits are
apportioned among all applicants.

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

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm