Missouri House Bill HB1573

Missouri 2022 Regular Session

• Introduced: 1/5/22
• Refer: 2/16/22
• Report Pass: 4/21/22
• Refer: 4/21/22

Caption

Authorizes an income tax deduction for expenses incurred for providing respite care to children

Impact

If enacted, this bill will allow taxpayers—defined as parents, guardians, or custodians—who qualify based on specific criteria to deduct expenses for respite care from their taxable income. The deduction limit is set at five thousand dollars for those who provide care for at least six months and is prorated for those providing less care. This could have a significant impact on households in Missouri that bear the costs of necessary care services, ultimately providing some financial relief and encouraging families to seek respite options.

Summary

House Bill 1573 seeks to amend the Missouri income tax code by introducing a tax deduction for expenses incurred by qualified taxpayers who provide respite care for children with intellectual or developmental disabilities. The bill specifies that parents or guardians who have been providing such care may claim a deduction, effectively lowering their taxable income for the year. The intent behind the bill is to support families caring for children with special needs by alleviating some of the financial burdens associated with respite care.

Contention

During discussions surrounding HB 1573, there were notable points of contention regarding the bill's implications for the state budget and tax revenues. Supporters argue that this initiative represents necessary support for vulnerable families facing high costs associated with caregiving. However, critics express concern over the long-term effects on fiscal resources and whether the state should prioritize such tax deductions amidst other pressing financial obligations. The bill also features provisions to review and potentially sunset the program within a set timeframe, which has been a point of debate among lawmakers.