SB873

Authorizes tax credits for contributions to shelters for victims of domestic violence and rape crisis centers in Missouri.

The bill authorizes a tax credit for contributions to shelters for victims of domestic violence and rape crisis centers in Missouri. The credit is equal to 50% of the contribution amount for fiscal years ending before July 1, 2022, and 70% for fiscal years beginning after that date. The credit cannot exceed the taxpayer's state tax liability and is capped at $50,000 per year. Unused credits can be carried over to the next tax year. The bill also allows a $1,000 credit for taxpayers who convert abandoned property into shelters for victims of domestic violence.