Establishes the "Missouri Parent Empowerment Act" relating to a tax credit for certain educational expenses

HB 2366 creates the Missouri Parent Empowerment Act, which allows state taxpayers to claim a refundable tax credit for eligible education expenses incurred for their children attending private, parochial, or home schools. The bill defines eligible expenses to include tuition, textbooks, tutoring, and specialized educational services, while explicitly excluding costs like basic school supplies and fees for activities sponsored by public schools. To qualify, the student must be a state resident enrolled in a private or home school, and the taxpayer cannot simultaneously use the state's existing Empowerment Scholarship Accounts program for the same child. The credit is capped at the lesser of the total qualified expenses or a specific state funding target and requires taxpayers to submit detailed receipts and documentation with their state tax returns.