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The Missouri Senate advanced a bill designed to promote job creation and to help encourage charitable donations.
“Tax credit reform is a legislative priority for us this year,” said Dempsey.
Senate Bill 20 will extend certain benevolent tax credits to people who make donations to pregnancy centers, child crisis nurseries and food pantries.
Sponsor Sen. Bob Dixon, R-Springfield, said it’s common sense to renew these credits.
“With its swift action, the Senate has demonstrated its strong support for this ounce of prevention,” Dixon said. “Allowing these tax credits to expire does not save taxpayers one dime in the long run. Encouraging individual donors to personally direct their charitable dollars to local programs that do the most good is fiscally responsible, easing future burdens on the state budget and avoiding bureaucracy and the political process.”
This measure now moves to the House. To track the progress, visit www.senate.mo.gov.