Benevolent tax credit bill is now law

Posted on Monday, April 8, 2013 at 10:30 am

On March 29, benevolent tax credit legislation sponsored by Sen. Bob Dixon, R-Springfield (Senate Bills 20, 15 and 19<http://www.senate.mo.gov/13info/BTS_Web/Bill.aspx?SessionType=R&BillID=16944741>) became law. Effective immediately, the law renews or extends several benevolent tax credit programs. For those benevolent tax credits which had expired previously, it also makes contributions made on or after Jan. 1, 2013, eligible for the renewed tax credits.

“I find it fitting these renewals occur at this special time of year,” Sen. Dixon said. “These benevolent tax credits fully engage the charitable spirit of Missourians, which reflects our core principles, and spur locally-driven efforts to help Missouri’s most vulnerable citizens. I appreciate the hard work and dedication of everyone involved in successfully renewing this ounce of prevention.”

The programs renewed or extended by SB 20, 15 and 19 include:

* Champion for Children Tax Credit (formerly the Children in Crisis Tax Credit);

* Public Safety Officer Surviving Spouse Tax Credit;

* Pregnancy Resource Center Tax Credit;

* Residential Dwelling Accessibility Tax Credit; and

* Food Pantry Tax Credit.

 

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