HB 520 Mayhew, Don
HB 520 -- CHARITABLE DONATION
SPONSOR: Mayhew
Beginning October 1, 2023, this bill authorizes a taxpayer to donate the motor fuel tax refund to a tax-exempt nonprofit entity by providing the entity with all required documentation and a signed statement indicating that the nonprofit is entitled to the taxpayer's refund. The nonprofit entity must submit the documentation and statement, along with proof of its tax-exempt status, to the Director of Revenue. The taxpayer is then entitled to subtract from the taxpayer's Missouri adjusted gross income the amount of the refund donated to the nonprofit.
This bill is similar to HB 2654 (2022).