Jefferson City – Rep. Jason Grill, D-Parkville, hopes to help parents who want to take a more active role in parenting by authorizing a significant tax credit for those who stay at home to raise their children. Rep. Grill is the sponsor of HB 932 that was approved unanimously by the House Special Committee on Tax Reform and currently awaits discussion on the House floor.
House Bill 932 would authorize the Motherhood/Fatherhood Stay-At-Home Tax Credit for a parent who stays at home to provide care for a child up to 24 months of age. Any parent who was employed before the birth or adoption of a child whose annual salary was less than $100,000 would be eligible for a tax credit equal to 25 percent of their salary in the year before choosing to become a stay-at-home parent. The annual cumulative amount of the credits issued could not exceed $2 million.
“Raising our children to be successful and healthy adults is a top priority for us as a society. Anything we can do to assist in that task is beneficial not only to the child, but to the population as a whole,” said Rep. Grill. “I’ve been overwhelmed by the amount of support I have received for this legislation and I am hopeful we can move it through the legislative process during the final weeks of session.”
After being approved by the House Special Committee on Tax Reform, the bill moved to the House Rules Committee where it also received unanimous approval. It now sits on the House Perfection Calendar which means it can be brought up for debate on the House floor at any time.