Missouri House Bill HB1973

Missouri 2024 Regular Session

• Introduced: 1/3/24
• Refer: 2/1/24

Caption

Modifies provisions relating to the champion for children tax credit for contributions to certain child advocacy organizations

Impact

If enacted, HB1973 would introduce modifications that could encourage greater contributions to child advocacy organizations by allowing donors to receive tax credits. This could potentially increase funding for these organizations, thereby improving the services they can offer to children and families. The bill is framed as a means to ensure that advocacy groups have the financial support necessary to achieve their missions more effectively, ultimately aiming for better outcomes for children across the state.

Summary

House Bill 1973 aims to modify the provisions related to the champion for children tax credit. This tax credit is designed to incentivize contributions made to specific child advocacy organizations. The bill’s intent is to enhance support for organizations that are actively working to advocate for children's rights and welfare, ensuring that financial assistance reaches those who provide critical services and support for children in need.

Contention

Debate surrounding HB1973 may arise regarding the allocation of tax credits and whether this represents an equitable approach to supporting child advocacy. Some lawmakers may question if the bill offers sufficient oversight on how funds are utilized by these organizations and if it inadvertently redirects substantial amounts of taxpayer funding without adequate measures to ensure accountability. Furthermore, there may be concerns from opponents who believe that focusing tax incentives on specific sectors could lead to disparities in funding for other equally important non-profit organizations.