Missouri HB2449 creates a tax credit for certain educational expenses for qualified students.
Missouri HB2449, the "Missouri Parental Choice Tax Credit Act," establishes a tax credit for eligible education expenses incurred by qualified taxpayers for qualified students. Eligible expenses include tuition, textbooks, curriculum, instructional materials, standardized test fees, and tutoring services. The tax credit is refundable and cannot be carried forward to subsequent tax years. Qualified taxpayers must submit documentation of expenses to the Missouri Department of Revenue.
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