General Assembly Passes Benevolent Tax Credits

Tax credits benefiting thousands of Missourians have been restored with the passage of Senate Bill 20 and Senate Committee Substitute for Senate Bill 15 and 19 by the Missouri General Assembly.

On March 13, the Missouri General Assembly voted to pass the legislation, which was sponsored by Senator Bob Dixon (R-Springfield).

“With this bill, we tap the strong charitable spirit of Missourians to drive local efforts to help Missouri’s neediest citizens,” Senator Dixon said. “It encourages individuals to give locally and support their friends and neighbors who are on the front lines helping others.”

The bill re-establishes expired tax credits that people can claim when donating to pregnancy resource centers, food pantries and organizations that serve children in crisis situations.

There are 56 pregnancy resource centers in Missouri. The centers assist women with unplanned or crisis pregnancies and encourage women to carry their pregnancies to term by offering pregnancy testing and counseling with emotional and material support. Pregnancy resource centers provide cost-free, client services at the facility, as opposed to merely providing counseling or referral services by telephone.

When the tax credits expired on August 27, 2012, centers began to notice a drop in donations.The restoration of these credits is expected to spur more donations, thus helping thousands of people across the state.

Representative John McCaherty (R-High Ridge), who voted to pass the legislation, said Senate Bill 20 would allow private citizens to donate their money to charitable groups they chose, while also saving the state money.

“I think our benevolent tax credits are vital for our communities and state. For the pregnancy resource centers, food banks and child in crisis centers, all of them need the help and help people that would be turning to the state for help, did they not exist.”

This bill would extend most of these tax credits until December 31, 2019. SB 20 now goes to Governor Nixon for his consideration.

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