SB1341

Missouri SB1341 authorizes a tax credit for certain educational expenses for students not enrolled in public schools.

Missouri SB1341, known as the Missouri Parental Choice Tax Credit Act, allows taxpayers to claim a tax credit for qualified educational expenses for students not enrolled in public schools. The credit covers tuition, textbooks, educational therapies, tutoring, curriculum, and other educational services. The tax credit is limited to one hundred percent of qualified expenses and cannot exceed the state tax liability. The program will automatically sunset six years after its effective date unless reauthorized by the general assembly.