HB 647 -- Tax Credits:  Pregnancy Resource Centers

Co-Sponsors:  Icet, Davis (19), Rupp, Sutherland, Bringer,
Schoemehl, Reinhart, Moore, Behnen, Harris (110), Muckler

This bill authorizes a tax credit for 50% of contributions to
qualified pregnancy resource centers.

"Pregnancy resource centers" are defined as nonresidential
facilities that provide assistance and support to women with
crisis or unplanned pregnancies and do not provide abortions or
referrals for abortion services.

The tax credits authorized may be taken against income tax,
corporate franchise tax, insurance premium tax, financial
institutions tax, and express company tax liability.  The tax
credit is not refundable, but can be carried forward and claimed
for up to four taxable years.

The maximum credit an individual taxpayer can claim cannot exceed
$50,000 per year.  The minimum contribution must exceed $100.
Contributions may be made in cash, stocks, bonds, or other
marketable securities or real property.

The statewide maximum of tax credits that can be taken in any one
year cannot exceed $2 million.  The bill provides for the
Department of Social Services to certify the centers and the tax
credits and to apportion the credits when the applications for
the credits exceed the statewide cap.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am