HB 3260 creates Missouri's "Four For More Program," allowing parents of K-12 students to take up to four hours of paid leave annually to work at their child's public school. Employers in Missouri (with 5+ employees) who pay these parents during their school work hours can claim a tax credit covering 50% of the wages paid, up to $50,000 per business yearly. The tax credit is capped at $10 million total statewide each year and expires after six years unless renewed. The program requires schools to document parent participation and applies only to businesses subject to Missouri state income tax.
HB 3518 requires venues and teams to withhold 2% of payments over $300 made to nonresident entertainers (like musicians or actors) and nonresident professional athletes (such as out-of-state sports players). This tax applies to their "personal service income" (salaries, bonuses, etc.) but excludes competition prizes. The collected revenue is allocated for 31 years (through 2030): 60% to the Missouri Arts Council, and 10% each to the Missouri Humanities Council, State Library, and Public Television fund. Starting in 2027, 100% of this tax revenue will directly fund these specific programs instead of the general state budget.
HB 3268 creates a tax credit for Missouri businesses or organizations that provide specific services to homeless individuals. Eligible entities must be certified by the Department of Economic Development as providers of employment services, direct employment (at minimum wage for 28+ hours/week), or housing (rented/leased at income-based rates). Certified providers can claim up to $10,000 annually against their state income tax, with a total annual cap of $1 million across all credits. The program expires December 31, 2032, unless renewed by the legislature.
HB 3359 creates a tax credit allowing Missouri taxpayers to reduce their state income tax by 20% of qualifying donations to STEAM or robotics programs in local K-12 schools, with a maximum annual credit of $50,000 per taxpayer. Eligible donations include cash, educational materials, or up to 200 hours of employee time per year (valued at the employee's hourly wage). The program is capped at $10 million in total credits annually, and unused credits can be carried forward for up to seven years. This initiative, set to expire after six years unless renewed, requires schools to register with the state and mandates annual reporting on program participation and costs.
HB 3444 modifies Missouri's individual income tax rates by reducing the top rate from 6% to 4.95% for tax years beginning in 2023. It establishes future potential rate reductions (starting in 2024 and 2027) contingent on the state exceeding specific revenue thresholds tied to historical collections and inflation. The bill also requires annual adjustments to tax brackets based on inflation, as measured by the Consumer Price Index. This directly affects Missouri residents filing state income tax returns, particularly those in higher income brackets subject to the top tax rate.
SB 1688 extends Missouri's Downtown Economic Stimulus Act (MODESA) to allow existing approved development projects (like those in Kansas City and St. Louis) to expand their incentives. It authorizes up to 85% of new state income and sales tax revenue generated in designated development areas to fund project costs, and extends project timelines to 35 years for tax obligations and payments in lieu of taxes. The bill removes previous requirements like displacement percentage limits and proof that projects couldn't be financed without state incentives. This directly affects developers and municipalities with approved MODESA projects that were previously unable to secure new approvals after 2013.
SB 1704 would authorize a state tax credit for individuals who adopt certain animals, such as dogs or cats from licensed shelters, reducing their state income tax liability. The credit would directly affect adopters who meet the bill's criteria and are subject to state income tax. Key provisions include defining eligible animals and establishing the credit amount, though specific details are not provided in the abstract. Introduced on February 23, 2026, the bill is currently in its first reading stage with no further legislative action taken.
HB 3294 would allow Missouri taxpayers to subtract military income earned while serving in a combat zone from their state taxable income. This provision applies to income included in federal adjusted gross income but not otherwise excluded, specifically covering service in areas designated by the President as combat zones. The subtraction would reduce the taxable income subject to Missouri's income tax for qualifying military personnel. The bill is currently under legislative consideration after being introduced and read for the second time.
HB 3231 establishes Missouri's "Innovation District Program," allowing cities to voluntarily designate specific downtown or main street areas as innovation districts to access state economic development incentives. Participating cities must submit a master plan outlining district boundaries, infrastructure needs, and how incentives will be used, which the state must approve within 45 days. The bill provides standardized state tax breaks (like income tax exemptions and opportunity zones) and local incentives (such as property tax abatements) for qualifying projects within designated districts, evaluated using a uniform "master scorecard." It ensures these incentives apply automatically to eligible projects without local restrictions but explicitly states cities cannot be forced to join and local zoning authority remains intact.
HB 3376 repeals Missouri's income tax subtractions for certain capital gains, directly affecting individual taxpayers who previously reduced their Missouri taxable income using these deductions. The bill modifies how Missouri calculates income tax by removing specific subtractions, requiring taxpayers to include amounts previously excluded - such as gains from property with higher Missouri basis than federal basis - into their taxable income. This change aligns Missouri's tax calculation more closely with federal rules for these specific capital gains scenarios, eliminating a prior tax benefit. The bill does not alter tax rates but adjusts the income base for affected taxpayers.
