SB1701

Missouri SB1701 authorizes a tax credit for adopting animals from shelters, up to $125 per adoption.

Missouri SB1701 introduces a tax credit for taxpayers who adopt animals from shelters, covering adoption fees and related costs up to $125. The credit applies to individual income tax liabilities, excluding withholding tax. Taxpayers can claim up to two credits per year, and the total annual credits cannot exceed $500,000. The animal shelter must provide a receipt for the adoption, which the taxpayer submits with their tax credit claim. The credit is refundable and cannot be assigned or transferred. If the adopted animal is mistreated or returned, the taxpayer must repay the credit.