DOMESTIC VIOLENCE SHELTER TAX CREDIT

Current law authorizes a tax credit for contributions to domestic violence shelters in an amount equal to fifty percent of the contribution, with the maximum annual amount of tax credits limited to $2 million. This act increases the tax credit from fifty percent of the amount contributed to seventy percent beginning July 1, 2022, and removes the limit on the cumulative amount of tax credits claimed by all taxpayers in a fiscal year beginning July 1, 2022.

This act also adds a definition of "rape crisis center" to allow taxpayers to receive tax credits for contributions to such facilities. (Section 135.550)

This provision is identical to a provision contained in HB 1109 (2021), HB 1129 (2021), and SS/SCS/SB 648 (2020), and is substantially similar to SB 958 (2020) and to a provision contained in SS/SCS/HCS/HB 430 (2021) and SS#2/SB 704 (2020).

MATERNITY HOME TAX CREDIT

Current law authorizes a tax credit for contributions to maternity homes in an amount equal to fifty percent of the contribution, with the maximum annual amount of tax credits limited to $3.5 million. This act increases the tax credit from fifty percent of the amount contributed to seventy percent beginning July 1, 2022, removes the limit on the cumulative amount of tax credits claimed by all taxpayers in a fiscal year beginning July 1, 2022, and removes the sunset provision. (Section 135.600)

This provision is identical to a provision contained in SS/SCS/HCS/HB 430 (2021), HB 1109 (2021), and HB 1129 (2021).

JOSH NORBERG