HB2035 Creates an income tax credit for contributions to unplanned pregnancy resource centers.
Sponsor: Kennedy, Harry (66) Effective Date:00/00/0000
CoSponsor: Barry, Joan (100) LR Number: 3382L.01I
Last Action: 02/24/2000 - Referred: Ways and Means (H)
HB2035
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB2035 Copyright(c)
* Introduced

Available Bill Text for HB2035
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 2035 -- Tax Credits for Donations to Unplanned Pregnancy
Resource Centers

Co-Sponsors:  Kennedy, Barry, Chrismer, Luetkenhaus, Burton,
Murray, Cierpiot, Davis (63), Selby, Reid

This bill authorizes state tax credits to taxpayers equal to 50%
of any contribution to a qualified unplanned pregnancy resource
center.  The taxpayer is allowed a tax credit against any
individual income, corporate income, corporate franchise,
financial institutions, or express company tax liability.  The
credit may be carried over for 4 years, but may not exceed tax
liability in any one year.  The maximum tax credit per year per
taxpayer cannot exceed $50,000 and the total statewide tax
credits authorized cannot exceed $2 million per year.

The bill requires the Department of Social Services to determine
eligibility of facilities and to apportion the tax credit among
all qualified facilities.

The bill will become effective January 1, 2001.


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Last Updated October 5, 2000 at 11:35 am