HB 1886 -- Tax Credit for Business Contributions to After-School
Programs

Sponsor:  Wright (137)

This bill authorizes a tax credit for contributions to
after-school programs against a company's corporate income tax;
corporate franchise tax; financial institutions tax; or bridge,
express, and public utility company tax.  Individuals are
excluded from this tax credit.  The business will receive a tax
credit equal to $1,000 for each participating student in the
program, up to a maximum of $20,000 per taxpayer.  The cumulative
amount of tax credits cannot exceed $5 million annually.  The
credit is not refundable, cannot be carried over, or transferred.

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

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:45 am