Missouri HB3097 creates a tax credit for contributions to youth police initiatives in urban areas.
Missouri HB3097 establishes a tax credit for contributions to eligible entities that run youth police initiatives in urban areas. These initiatives aim to engage at-risk youth and local police officers in activities to build trust and break down stereotypes. The tax credit is equal to 100% of the contribution made to an eligible entity. The credit is non-refundable and may be transferred, sold, or assigned. The total amount of tax credits authorized per tax year cannot exceed $500,000.
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