SB1163

Missouri SB1163 authorizes a tax credit for certain educational expenses incurred by parents of nonpublic school students.

Missouri SB1163, known as the Missouri Parental Choice Tax Credit Act, authorizes a tax credit for certain educational expenses incurred by parents of nonpublic school students. The credit is equal to 100% of qualified expenses, which include tuition, textbooks, educational therapies, tutoring services, curriculum, and fees for private virtual schools. The tax credit cannot exceed the state adequacy target and cannot be transferred, sold, or assigned. The credit is claimed when filing the state tax return.