HB2882 authorizes a tax credit for contributions to Missouri organizations providing mental health services to veterans.
HB2882 amends Missouri law to allow a tax credit for contributions to qualified organizations providing mental health services to veterans. The credit is equal to 70% of the contribution amount, up to a maximum of $50,000 per tax year. The credit is non-refundable and cannot be carried forward beyond one year. The Department of Mental Health classifies organizations as qualified if they meet specific criteria and provide comprehensive mental health services to veterans.
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