HB3204

HB3204 authorizes a tax credit for contributions to prevention resource centers in Missouri.

HB3204 establishes a tax credit for contributions to prevention resource centers, which are entities within the Missouri Department of Mental Health's prevention resource center network. The tax credit is available for contributions of cash, stock, bonds, or other marketable securities, or real property. The credit amount cannot exceed the taxpayer's state tax liability for the tax year, with a maximum of $50,000 per year per taxpayer. The total credits allowed per tax year are capped at $2.5 million. Any unused credit can be carried over for up to five years, but cannot be refunded.