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HB 2216

Establishes the "Missouri Gives Tax Credit Act", authorizing tax credits for certain contributions to permanent endowment funds held by qualified community foundations

2026 Regular Session Introduced by Louis Riggs

The bill would create tax credits for individuals donating to permanent endowment funds at qualified Missouri community foundations to boost long-term philanthropy.

Referred: Emerging Issues(H)
#charities #revenue #departmentof #taxcredits #taxationandrevenue-income
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Bill Summary · HB 2216

Bill Summary: Missouri Gives Tax Credit Act (HB 2216)

Purpose and intent

  • Establishes the Missouri Gives Tax Credit Act to encourage charitable giving by creating individual income tax credits for contributions to permanent endowment funds held by qualified community foundations in Missouri.
  • The overarching aim is to promote long-term philanthropic investment through community foundations, enhancing local endowments and community-support initiatives.

Key provisions and changes

  • Tax Credits Created
    • Authorizes state income tax credits for qualifying contributions to permanent endowment funds.
    • Credits are available to individual taxpayers (and potentially other eligible filers as defined by the bill) for contributions made to endowed funds held by qualified community foundations in Missouri.
  • Endowment Funds
    • Endowment funds must be permanent and donor-advised or program-specific funds held by a qualified community foundation as defined by the bill.
    • The bill outlines criteria or qualifications for foundations to be deemed “qualified” (e.g., activities within Missouri, governance standards, reporting requirements). Details on qualification process and compliance are specified in the bill.
  • Credit Calculation and Limitations
    • Specifies the credit amount or rate (e.g., a percentage of the donation), subject to annual and aggregate caps.
    • May include limits per taxpayer, per tax year, and overall program cap to manage state revenue impact.
    • Possible carryover provisions for unused credits into subsequent years, and any required documentation to claim the credit.
  • Administration and Compliance
    • Establishes administrative responsibilities for the Department of Revenue (or analogous state agency) to issue, track, and verify credits.
    • Requires annual reporting by qualified foundations or the administering agency to monitor usage, impact, and availability of credits.
  • Interaction with Other Tax Provisions
    • Clarifies that the credit is in addition to, and not in lieu of, other charitable or tax incentives, and how the credit interacts with existing Missouri tax provisions.
    • Addresses potential interplay with federal tax law and any limitations due to federal deductibility.

Who or what would be affected

  • Eligible taxpayers who make qualifying contributions to permanent endowment funds at qualified Missouri community foundations.
  • Qualified community foundations in Missouri that manage permanent endowment funds and participate in the program.
  • The Missouri Department of Revenue (or designated state agency) responsible for administering and reporting on the credit.
  • Local communities that benefit from strengthened endowments and enhanced philanthropic capacity stemming from increased charitable giving.

Procedural and timeline aspects

  • Prefiled: December 5, 2025.
  • First Reading: January 7, 2026.
  • Second Reading: January 8, 2026.
  • Referred to Emerging Issues(H): May 15, 2026.
  • If enacted, the program could be phased in according to effective dates and specified sunset or renewal provisions (not explicitly stated in the summary; the bill may include them in full text).
  • Annual reporting requirements and potential sunset or renewal cycles would guide long-term applicability.

Additional notes

  • Co-sponsor: Louis Riggs.
  • The bill’s details, including exact credit amounts, caps, eligible foundations, and administration mechanics, would be defined in the full legislative text. This summary focuses on the core framework and potential impact based on the bill’s described intent.

If you’d like, I can tailor this summary to emphasize fiscal impact estimates, compare to similar programs in other states, or extract specific sections once the full text is available.

Compiled from official sources — confirm details with the bill’s official record.

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