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Missouri proposes boosting tax credits for food pantry donors to 70% to combat rising food insecurity.
Missouri lawmakers are proposing to expand tax credits for food pantry donors, increasing the credit from 50% to 70% and doubling the state’s credit pool to $3.5 million amid rising food costs and declining donations.
The bill, introduced by Republican lawmakers Phil Amato and Jamie Burger, aims to address limitations caused by a current credit cap.
Advocates say the change would help sustain food distribution as demand grows.
However, concerns remain about long-term viability if Missouri moves to eliminate its income tax, a goal set by Governor Mike Kehoe.
With income taxes making up over 60% of state revenue and a report warning of potential budget shortfalls by 2028, the bill’s fate may hinge on the governor’s upcoming budget plan.
Missouri propone aumentar los créditos fiscales para los donantes de despensa de alimentos al 70% para combatir el aumento de la inseguridad alimentaria.