Tax Credits are all around us--why not for Special Needs education?

Tax Credits come in many colors, shapes and sizes. On March 11, 2008, the Missouri House of Representatives passed a bill giving a tax break for Missourians who buy US-made hybrid vehicles.

The bill allows the purchaser of said hybrid to deduct either $2000 or 10 percent of the vehicle’s price (whichever is less).

Another tax credit for Agriculture called the New Generation Cooperative Incentive tax credit (quite a mouthful) has gotten some media attention as Missouri elected officials have taken advantage of them. Specifically, Rep. John Quinn’s farm has received over $200,000 in credits; Sen. Wes Shoemyer has received over $12,000; Sen. Bill Stouffer has received nearly $24,000.

Rep. Brian Munzlinger has received nearly $25,000 in tax credits; Rep. Therese Sander’s husband Theodore has received $18,000 in tax credits; Rep. Jim Whorton has received $5,000 in tax credits; Rep. Terry Witte has received $2,600 in tax credits; and Sen. Frank Barnitz with $1,250 in tax credits.

A tax credit for preserving historic buildings gives a tax deduction of 25% of rehabililitation costs. The Film Production Tax Credit Program provides a state income tax credit to qualified film production companies up to 50% of the company's expenditures in Missouri for production, not to exceed $1 million in tax credits per project. There are many other tax credits mainly focused on stimulating economy and agriculture in Missouri. Neighborhood Assistance Program and Youth Opportunities Program tax credits have been awarded to religious not-for-profits who benefit the community through social projects. Federally, we have tax credits for college tuition, housing and redevelopment.

Tax credits are used to reward good behavior or offset costs for low-income of economically burdened people or businesses. With the myriad of tax credits out there, what is standing in the way of a tax credit for special needs students? The financial burden falls to the family to pay for everything from insurance to tutoring, and again their costs rise when they have to move to another school district or pay for a private school in an effort to get what many people take for granted: an appropriate education.

Let’s reward good behavior, like philanthropists and businesses donating to a fund that offsets tuition costs. Let’s support the families who are supporting Missouri’s precious special needs children and helping them become participating members of society.