Budget & Taxes (Tax Incentives)

in committee · Missouri · Senate Jan 27, 2026

SB 1336: Authorizes a tax credit for the purchase of certain homes

Based solely on the provided abstract and bill details, a substantive summary cannot be generated. The abstract ("Authorizes a tax credit for the purchase of certain homes") and title lack specific details about eligibility criteria (e.g., income level, home price limits, first-time buyer status), the credit amount, or implementation mechanisms. Without these concrete policy elements, describing "who it directly affects" or "key mechanisms" would require speculation, which conflicts with the requirement to remain factual and neutral. The bill's current status (prefiled, first read) confirms it is early in the process, but this does not clarify the policy substance.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes a tax credit for home purchases, a form of tax relief. Strong inference aligns with support indicators for middle-income homeownership, though eligibility details are unspecified.80% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 2152: Modifies definitions to expand the types of facilities eligible for a certain sales tax exemption

HB 2152 expands sales tax exemption eligibility for material recovery processing facilities in Missouri. It modifies the definition of "material recovery processing plant" to explicitly include facilities that recover materials into usable products, as well as equipment used for collecting materials for these plants. This change directly affects businesses operating such recovery facilities by allowing them to qualify for existing sales tax exemptions on materials, equipment, and supplies used in their operations. The bill clarifies that these facilities must primarily recover materials for reuse in new products, excluding standard motor vehicles used on highways. This is a technical adjustment to existing tax law, not a new exemption.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExpands sales tax exemptions for material recovery businesses, reducing state tax revenue and weakening fiscal management.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 29, 2026

SB 864: Modifies provisions relating to tax credits

SB 864 creates two new tax credit programs for Missouri businesses. First, it provides a $5 per ton tax credit for wood energy producers using Missouri forest residue to make processed wood products, valid for five years with a $6 million annual cap and expiring after 2028. Second, it establishes a 25% tax credit (up to $75,000 annually per facility) for small meat processing facilities (employing fewer than 500 people total) to cover modernization or expansion costs like equipment, building upgrades, or waste management systems, with a $2 million annual statewide cap. Both credits reduce state tax liability but are non-refundable and require applications to the state authority. The bill replaces prior tax credit provisions and sets specific expiration dates for all new credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for businesses, reducing tax burden and aligning with tax relief support indicators per bill summary.95% confidence ✓ EnergySupports EnergyProvides tax credits for wood energy producers using renewable forest residue, directly funding renewable energy infrastructure and production per bill summary.95% confidence ✓ TransportationSupports TransportationBill extends tax credits for ethanol, biodiesel, and railroad infrastructure, directly supporting transportation fuel and rail development.85% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Freight Rail Transportation Funding

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passed · Missouri · House Apr 29, 2026

HB 1883: Provides a sales tax exemption for certain used personal property

HB 1883 creates a sales tax exemption for certain used personal property sold by businesses in Missouri. It directly affects businesses selling items like used manufacturing equipment, repair parts for vehicles or aircraft, and materials recovered for reuse in production. Key provisions exempt physical items used in manufacturing processes (such as machinery parts or recycled materials), repair services for transportation equipment, and property used in material recovery facilities. This policy change removes sales tax from these specific transactions, aligning with existing tax exemption rules for similar business inputs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates sales tax exemption for business sales, providing tax relief for manufacturers and recyclers, directly advancing tax policy.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · Missouri · House Mar 25, 2026

HB 2362: Authorizes the "Disabled Veteran Property Tax Relief Act" relating to a property tax exemption for certain veterans

HB 2362 creates a property tax exemption for Missouri disabled veterans, reducing their primary residence property taxes by a percentage equal to their U.S. Department of Veterans Affairs disability rating (e.g., a 50% rating reduces taxes by 50%). It directly affects Missouri residents who are disabled veterans (with VA-certified disability ratings), own their primary residence, and file annual applications with VA documentation by April 1. The exemption is proportional to the veteran’s disability rating (up to 100% for 100% rating) and extends to surviving spouses who retain ownership and residency without remarrying. To qualify, applicants must submit proof of disability rating, ownership, and primary residence occupancy each year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden based on VA disability rating, directly advancing tax relief for qualifying residents.95% confidence ✓ VeteransSupports VeteransCreates property tax exemption proportional to VA disability rating, directly expanding financial benefits for disabled veterans per bill's core purpose.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Missouri · House Mar 31, 2026

HB 1882: Authorizes a tax credit for certain youth police initiative programs

HB 1882 creates a state tax credit allowing taxpayers to claim 100% of contributions made to eligible non-profit organizations running youth police initiatives in urban areas (as defined by the U.S. Census Bureau). The credit applies to tax years starting January 1, 2027, and is non-refundable but can be carried forward for up to five years or transferred/sold. The total annual credit amount is capped at $500,000, and the Missouri Department of Public Safety must maintain an annual list of eligible organizations on its website. The program expires automatically six years after enactment unless reauthorized by the legislature.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for contributions to youth police initiatives, providing tax relief to incentivize private funding of public safety programs through tax policy.95% confidence ✓ Criminal JusticeSupports Criminal JusticeTax credit funds youth police initiatives, promoting community engagement and prevention programs aligned with criminal justice reform.90% confidence

Sub-Topics Tax Credits Tax Incentives Policing

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in committee · Missouri · Senate Jan 27, 2026

SJR 88: Authorizes a property tax exemption for disabled veterans

SJR 88 is a proposed constitutional amendment in Missouri that would create a property tax exemption for disabled veterans and their surviving spouses. It defines a "disabled veteran" as a Missouri resident with honorable military service and 100% VA disability compensation from service-connected injuries, and exempts their primary residence (homestead) from property taxes. Surviving spouses retain the exemption only if they continue living in the same home; the exemption ends if they sell the property or move. To offset lost local tax revenue, the bill requires counties to impose a replacement tax on certain commercial property (subclass 3 of class 1), with adjustments based on property values and voter approval for rate changes. This is a pending constitutional amendment (prefiled Dec 2025, first read Jan 2026), not yet law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden and aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransProposes property tax exemption for disabled veterans and surviving spouses, directly expanding financial benefits and recognition through tax relief.95% confidence

Sub-Topics Property Tax Revenue Tax Incentives Veteran Benefits Veteran Healthcare

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in committee · Missouri · House May 15, 2026

HB 1793: Modifies provisions governing income exempt from earnings tax

HB 1793 modifies the state's earnings tax by adding a new exemption for low-income individuals. It exempts salary, wage, commission, and other compensation income for people earning at or below 150% of the federal poverty level. This change directly affects low-income taxpayers by removing earnings tax liability on their work income. The bill does not alter existing exemptions for organizations like charities, credit unions, or insurance companies listed in the original tax code. The policy change is a specific addition to the tax exemption list, not a broad overhaul.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts low-income earners (≤150% FPL) from earnings tax, providing direct tax relief per bill's explicit language95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExempts low-income workers' earnings from tax, increasing take-home pay and directly supporting financial stability for laborers at or below 150% poverty level.95% confidence

Sub-Topics Income Tax Sales Tax Tax Incentives

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