HB 2136 -- Tax Credit for Donations to Public School Foundations

Sponsor:  Dixon

This bill authorizes a 50% income tax credit for donations to
public school foundations, as specified in the bill, beginning
with the 2008 tax year.  The cumulative amount of credits is
capped at $20 million, with no more than $8 million of credits
awarded for donations to school foundations of districts that
have 10,000 or more students and $12 million for school districts
of less than 10,000 students.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated February 25, 2008 at 5:43 pm