The bill seeks to repeal several existing sections of the Revised Statutes of Missouri (RSMo) and replace them with new provisions aimed at enhancing benevolent tax credits for contributions to shelters for victims of domestic violence, rape crisis centers, maternity homes, and diaper banks. Key definitions are introduced, including "Rural area," which aligns with classifications from the federal Rural Health Transformation Program. The tax credit for contributions to shelters will increase from 50% to 70% after June 30, 2022, and to 100% for contributions to facilities serving rural areas starting July 1, 2026. The bill also establishes a cap of $100,000 per taxable year for tax credits, with adjustments based on the Consumer Price Index, and sets a cumulative limit of $2 million for fiscal years ending before June 30, 2022, with no limit for subsequent years. Additionally, the bill introduces tax credits for contributions to maternity homes and diaper banks, with similar increases in credit percentages and provisions for rural areas. Taxpayers can claim a 70% credit for contributions to maternity homes after July 1, 2022, and a 100% credit for those serving rural populations starting July 1, 2026. For diaper banks, the credit will increase from 50% to 70% after June 30, 2026, with a potential 100% credit for rural-serving banks. The bill also clarifies definitions, establishes procedures for classifying facilities, and allows for the carryover of unused credits. Importantly, it ensures that the provisions will not expire automatically under the Missouri sunset act unless reauthorized by the General Assembly.

Statutes affected:
Introduced (6734H.01): 135.550, 135.600, 135.621, 135.630