Missouri House Committee Moves Tax Credit Bill

Mar 092012
 

Pregnancy resource centers (PRCs) and food pantries this week benefited when the House Children and Families Committee voted “Do Pass” HCS HB 1278 & 1152, a bill that would continue tax credits for charitable donations made to these entities. The bill reauthorizes the tax credits for these programs until 2016. Under the House committee substitute, the total state tax credit allowed for each entity is two million dollars. Tax credits for PRCs and food pantries are popular with legislators however they have become entangled in the large debate about tax credits in general. The bill will now move to the floor for future debate.

 March 9, 2012  Posted by at 11:51 am Missouri General Assembly, News, Taxation and Revenue Tagged with: , ,  No Responses »

MCC Supports Pregnancy Resource Center Tax Credit

Mar 022012
 

This week, the MCC joined other pro-life organizations in testifying in support of a bill to extend a tax credit for pregnancy resource centers in the state. Sponsored by Rep. Shane Schoeller (R-Willard), HB 1435 would remove 2012 as the sunset date for the $2 million tax credit. Without passage of the bill this year, individuals who donate to the pregnancy resource centers in the state would not be eligible to claim a tax credit for their contribution. If passed, the credit would not be time limited in the future.

Efforts to extend the tax credit last year fell short when the issue became entangled with the larger debate on state tax credits. Passing the bill this session is a priority with the major state pro-life organizations.

 March 2, 2012  Posted by at 9:08 am Life Ethics, Missouri General Assembly, News Tagged with: ,  No Responses »