Establishes a one-time nonrefundable tax credit

HB 2929 creates a one-time, nonrefundable tax credit for Missouri residents who filed their 2023 state income tax returns by October 17, 2024. The credit provides up to $162 for individual filers or $324 for married couples filing jointly, but the amount cannot exceed the actual tax owed for that year. The Department of Revenue will automatically process these credits and issue refunds where necessary, while the bill prohibits selling or transferring the credit to another person.