A bill moving through the Missouri legislature that would create a dollar-for-dollar tax credit for donations to organizations that aid women facing unplanned pregnancies has tax policy advocates arguing it could attract speculators seeking income tax savings.
Critics of the generous tax credit plan say it could allow sophisticated investors to capture a tax benefit greater than their donations to one of Missouri’s 82 pregnancy crisis centers. The proposal, featured in both HB 798 and HB 1176, is structured as a full credit against taxes owed, but the benefits can exceed 100% for taxpayers contributing securities, who can ...
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