Authorizes a tax credit for donations made to certain organizations
Impact
The legislative intention of HB1444 is to support the efforts of organizations working with justice-involved individuals and those impacted by substance use disorders. By providing a financial incentive for donations, the bill is designed to bolster funding for recovery services in communities across Missouri. This initiative seeks to reduce economic barriers faced by such organizations, enabling them to offer more comprehensive support services. Furthermore, the bill aims to address public health concerns related to substance use by fostering greater community engagement in recovery efforts.
Summary
House Bill 1444 proposes the implementation of a tax credit program aimed at incentivizing donations to organizations that assist individuals recovering from substance use disorders. Authored by Representative Smith, the bill establishes a framework where taxpayers can claim a tax credit amounting to 50% of their contributions to qualified organizations. These contributions must be used exclusively for controlling substance use disorders through support services such as recovery coaching, housing assistance, and skill training. The program is set to begin for tax years starting on January 1, 2025.
Contention
Opponents of HB1444 may raise concerns about the program's budget allocations, as the cumulative amount of tax credits allowed for all taxpayers is capped at $2.5 million per tax year. Stakeholders might debate the adequacy of this funding limit given the extensive needs present in the community for both recovery support and rehabilitation resources. Additionally, the requirement for contributions to be a minimum of $250 may present challenges for smaller donors, potentially limiting the program's outreach and effectiveness. Discussions may also focus on the accountability measures for the qualified organizations to ensure that contributions are utilized effectively to benefit those in recovery.