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Missouri tax credit ballot measure pegged at $5B

Wednesday, March 25, 2009 | 12:01 a.m. CDT

JEFFERSON CITY — A St. Louis County man is trying to create a new break for charitable donations that the state auditor's office estimates would cost $5 billion each year.

The proposed constitutional amendment would let donors to charities, private schools and school districts claim tax credits worth 50 percent of the donation on top of existing tax breaks.

Herman Kriegshauser of Chesterfield is behind the effort and said Tuesday he wants to create an incentive for charitable giving.

Kriegshauser called the estimated $5 billion price tag "ridiculously high," perhaps five to 10 times higher than the actual loss in state revenue.

To make the 2010 ballot, supporters must collect signatures equal to at least 8 percent of the votes for governor in six congressional districts.

 


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