HB1774

Authorizes a tax credit for charitable donations to local hospital foundations in Missouri.

Missouri HB1774 establishes a tax credit for charitable donations to local hospital foundations. Qualified taxpayers can claim a credit equal to 50% of the donation value, up to $2,500 per year. The credit is non-refundable and cannot be carried forward beyond three years. The program will sunset six years after its effective date unless reauthorized. The Department of Revenue will administer the program, including verifying taxpayer claims.