SB 958 - Current law allows for a tax credit for contributions to domestic violence shelters. This act modifies the definition of "shelter for victims of domestic violence" to include nonprofit organizations established and operating exclusively for the purpose of supporting a shelter for victims of domestic violence operated by the state or one of its political subdivisions.

This act also increases the maximum amount of tax credits that may be claimed in any one fiscal year from $2 million per year to $3 million per year for all fiscal years beginning on or after July 1, 2021.

This act is substantially similar to HCS/HB 2349 (2020) and to a provision contained in HCS/SCS/SB 616 (2020), SS#2/SCS/SB 648 (2020), and HCS/SS#2/SB 704 (2020).

JOSH NORBERG

Statutes affected:
Introduced (5202S.01): 135.550

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 958
Sponsor: Koenig
Hearing Date: 3/10/2020


COMMITTEE: Economic Development

CHAIRMAN: Cierpiot

DATE REFERRED: 3/5/2020 DATE HEARING REQUESTED: 3/5/2020



STAFF:
Heidi Kolkmeyer
Josh Norberg
Chris Sutherland


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Colleen Coble - MO Coalition Against Domestic and Sexual Violence
Rodney Gray - St. Louis Economic Development Partnership


WITNESSES AGAINST: