Missouri HB2158 modifies the Missouri Empowerment Scholarship Accounts Program tax credit, allowing carry-back options and reallocation of unused.
Missouri HB2158 modifies the Missouri Empowerment Scholarship Accounts Program tax credit. It allows taxpayers to claim a credit against their tax liability for contributions made to educational assistance organizations. Starting January 1, 2027, taxpayers can carry the credit back to the prior tax year. The bill also allows the state treasurer to reallocate unused tax credits to other educational assistance organizations. The tax credit cannot be transferred, sold, or assigned and is not refundable.
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