HB1882

Authorizes a tax credit for contributions to youth police initiative programs in urban areas.

This bill amends Missouri law to allow taxpayers to claim a tax credit for contributions to not-for-profit organizations running youth police initiative programs in urban areas. The credit equals 100% of the contribution, up to $500,000 per tax year. The tax credit is non-refundable and can be transferred or assigned. The Missouri Department of Public Safety will maintain a list of eligible entities and update it annually. The tax credit program will sunset six years after the bill's effective date unless reauthorized by the General Assembly.