Missouri HB2457 modifies the donated food tax credit, setting limits and procedures for claiming credits for donations to food banks, food pantries.
HB2457 modifies the donated food tax credit in Missouri, establishing specific limits and procedures for claiming credits for donations to food banks, food pantries, soup kitchens, and homeless shelters. Beginning on January 1, 2026, taxpayers can claim a credit of up to 70% of the value of donations to food banks, with a cumulative limit of $1.25 million per fiscal year. Donations to food pantries, soup kitchens, and homeless shelters can also qualify for a credit, with a cumulative limit of $2.75 million per fiscal year.
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- Legal Framework
- Critical Issues
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