HB2039 authorizes a tax credit for volunteer drivers in Missouri, up to $3,000 per year.

HB2039 introduces a tax credit for volunteer drivers in Missouri, allowing them to claim a credit for unreimbursed costs related to gasoline, diesel fuel, or electric charging station use, and mileage. The credit is capped at $3,000 per tax year and can be carried forward for up to three years. The total amount of tax credits allowed annually is capped at $1 million, adjusted for inflation. The credit is not refundable and cannot be transferred or sold. The program will sunset six years after its effective date unless reauthorized by the Missouri General Assembly.

HB2039 authorizes a tax credit for volunteer drivers in Missouri, up to $3,000 per year.

HB2039 introduces a tax credit for volunteer drivers in Missouri, allowing them to claim a credit for unreimbursed costs related to gasoline, diesel fuel, or electric charging station use, and mileage. The credit is capped at $3,000 per tax year and can be carried forward for up to three years. The total amount of tax credits allowed annually is capped at $1 million, adjusted for inflation. The credit is not refundable and cannot be transferred or sold. The program will sunset six years after its effective date unless reauthorized by the Missouri General Assembly.