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Gov. Nixon Scheduled to Sign New Tax break

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Missouri Gov. Jay Nixon
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JEFFERSON CITY, Mo. (AP) — Missourians soon could get a tax break for donating to facilities that provide care to the developmentally disabled.

Gov. Jay Nixon was signing legislation Monday creating a tax credit equal to half the value of cash, stocks, bonds or real estate donated to certain entities that provide care to Missouri residents with developmental disabilities.

The proposal is not expected to affect the state’s finances, because the organizations receiving the donations have to pay the state an amount equal to the tax credit. But supporters hope the measure will help spur contributions.

Nixon also was signing bills Monday addressing education and health care for foster children.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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