Missouri 2023 2023 Regular Session

Missouri House Bill HB520 Comm Sub / Analysis

                    HB520--CHARITABLEDONATIONOFMOTORFUELTAXREFUND
SPONSOR: Mayhew
COMMITTEEACTION:Voted"DoPass"bytheStandingCommitteeon
Transportation Accountability byavoteof12to0.
BeginningOctober1,2023,thisbillauthorizesataxpayerto
donatethemotorfueltaxrefundtoatax-exemptnonprofitentity
byprovidingtheentitywithallrequireddocumentationanda
signedstatementindicatingthatthenonprofitisentitledtothe
taxpayer'srefund.Thenonprofitentitymustsubmitthe
documentationandstatement,alongwithproofofitstax-exempt
status,totheDirectorofRevenue. Thetaxpayeristhenentitled
tosubtractfromthetaxpayer'sMissouriadjustedgrossincomethe
amountoftherefunddonatedtothenonprofit.
ThisbillissimilartoHB2654(2022).
PROPONENTS: Supporterssaythatthisisagreatidea,andthey
wishdumptruckscouldclaimthisrefundaswell.
TestifyinginpersonforthebillwereRepresentative Mayhew;and
MoDumpTruckersAssociation.
OPPONENTS: Therewasnooppositionvoicedtothecommittee.
Writtentestimonyhasbeensubmittedforthisbill.Thefull
writtentestimonyandwitnessestestifyingonlinecanbefound
underTestimonyonthebillpageontheHousewebsite.