Champion for Children Tax Credit precentage change in new senate bill modification

ST. JOSEPH, Mo. (News-Press NOW) -- On Aug.28, Gov. Mike Kehoe signed modifications to Senate Bill 43.

One of the key modifications was on the Champion for Children Tax Credit. It provides a tax credit for contributions to qualified child advocacy centers or crisis care centers.

The tax credit will increase from 50% to 70% for all qualifying donations ranging from $100 to $50,000 in any tax year.

Melissa Birdsell from the local child advocacy center, Voices of Courage, said donors will get more money back in their pockets with the credit.

"For every, $100, you would receive a credit of $70, donated," said Birdsell.

Birdsell said she believes this new modification will be a new incentive for donations to child advocacy centers.

The tax credit redeemed in a fiscal year would not exceed $2.5 million.

SB 43 also extends the original expiration date of Dec. 31, 2025, to Dec. 31, 2031.

To learn more about Senate Bill 43 and the Champion for Children Tax Credit, you can visit senate.mo.gov.