HB 261 -- Income Tax: Credit for Children's Reading Levels Sponsor: Linton This bill authorizes an individual income tax credit for a parent or guardian whose dependent child reads at an appropriate reading level. The tax credit will be equal to $1,000 per child who qualifies under standards contained within the bill. To qualify, a parent or guardian must have the child tested for his or her grade reading level at a qualifying institution of higher learning located in this state. If the child reads at his or her current grade level or higher, the institution will certify the child's ability to the parent or guardian with a certificate. Each qualified institution of higher learning will be reimbursed for costs associated with the testing of children in an amount determined by the Coordinating Board for Higher Education.Copyright (c) Missouri House of Representatives