Missouri SB1591 authorizes a tax credit for contributions to prevention resource centers.
Missouri SB1591 establishes a tax credit for contributions to prevention resource centers, which are not-for-profit entities focused on reducing illegal or inappropriate use of alcohol, tobacco, and other drugs. The tax credit equals 70% of the contribution amount, up to a maximum of $100,000 per taxpayer per year. Contributions can be in cash, stock, bonds, securities, or real property. The total tax credits cannot exceed $2.5 million annually.
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