Missouri HB3477 removes the cumulative cap on the champion for children tax credit.
Missouri HB3477 removes the cumulative cap on the champion for children tax credit, allowing taxpayers to claim more than the previous fifty thousand dollar limit. The bill also modifies the tax credit percentage and contribution limits for different fiscal years. The tax credit is available for contributions to qualified agencies, which include entities like the court-appointed special advocate fund, child advocacy centers, and crisis care centers. The bill specifies the process for verifying contributions and applying for the tax credit.
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