Authorizes a tax credit for contributions to certain youth police initiatives
Voted Do Pass S Economic and Workforce Development Committee
Summary
The bill allows individuals, partnerships, and corporations to claim a credit equal to 100% of contributions made to qualifying nonprofit youth‑police initiatives, beginning with tax years starting in 2026. Credits are non‑refundable, can be carried forward up to five years, may be transferred, and are capped at $500,000 per year. The Missouri Department of Public Safety would oversee the list of eligible entities and the credit‑claim process.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when SB 1608 changes status, plus AI-powered summaries and stage predictions.
Sign up free