HB 2981 creates a new property tax credit for eligible Missouri homeowners, primarily seniors (65+), disabled individuals, or qualifying married couples, whose property tax bills increase by more than a calculated threshold. It directly affects homeowners with combined income under $70,000 (adjusted annually) who own a homestead without significant non-disability improvements (exceeding 5% of assessed value). The credit offsets tax increases above the "homestead exemption limit" (based on prior-year tax liability changes), calculated separately from existing tax rates. Homeowners must apply annually between April 1 and October 15, providing proof of age, income, and tax payment history, with applications processed by the Department of Revenue. The credit applies only to subclass (1) real property and excludes those already claiming other property tax relief.
HB 2731 creates a refundable tax credit for Missouri residents who adopt pets from animal shelters. It allows a credit of up to $125 per adoption (capped at two adoptions per year), covering adoption fees and associated medical/administrative costs. Taxpayers must submit a shelter receipt with their tax return, and the total annual credits are limited to $500,000. The credit is forfeited if the adopted animal is returned, abused, sold, or not properly cared for, with the program set to expire after six years unless renewed.
HB 2713 creates a 25% tax credit for Missouri meat processing facilities making qualifying modernization or expansion investments (like new equipment, building upgrades, or software). It directly affects small meat processors with fewer than 500 combined employees in Missouri, allowing them to claim up to $75,000 annually in tax credits against their state tax liability. The credit covers expenses for facility improvements, equipment, and technology used exclusively for meat processing, with a total annual cap of $2 million for all claims. The program runs through 2028, requires state authority approval, and mandates verification that facilities actually expanded production within three years.
HB 7 allocates $9.04 million for Missouri's Department of Economic Development to fund regional engagement, minority inclusion programs, and business recruitment for the 2025-2026 fiscal year. It also includes a $10 million one-time appropriation for highway maintenance on Route MM near I-44. The bill directs specific funding to existing state departments and programs, with all money to be spent only as permitted under Missouri's constitution. This is a routine funding allocation, not a new policy.
HB 2859 reduces the tax assessment rate for specific personal property in Missouri. It lowers the percentage used to calculate taxes on qualifying farm machinery and motor vehicles (manufactured 10+ years prior) from 33.3% down to 16% by 2041, phased annually starting in 2027. The bill directly affects owners of these older farm and vehicle assets, who would see lower annual property tax bills once the tax rate reductions take effect. The law also provides a full tax exemption for these items if Missouri voters approve a related constitutional amendment.
HB 2005 is Missouri's fiscal year 2026-2027 state budget bill, allocating $3.33 million from the General Revenue Fund to fund specific state operations and programs for the 2026-2027 fiscal year. It directly provides funding for the Office of Administration's Commissioner's Office ($1.28M), the Office of Equal Opportunity ($481K), the Prescription Drug Monitoring Program ($1.47M), and the America 250 Missouri Commission ($100K). The bill also allocates $18.08 million for the Office of Administration's IT division, including $62.45 million from a dedicated technology trust fund for statewide IT systems and infrastructure. This is a routine funding measure that authorizes state departments to spend designated amounts for their operations and specific programs, with minor flexibility provisions allowing limited reallocation between budget categories.
HB 2664 establishes the "MO GIVES Program" to provide Missouri National Guard members who donate organs with guaranteed paid leave during their donation process. The program covers up to 45 days of paid status (extendable if medically necessary), exempts members from using personal leave, and provides per diem and housing allowances based on rank and location. To qualify, members must be in Troop Program Unit or Individual Ready Reserve status, in good standing, and either lack employer donor leave or choose not to use it. Benefits are funded through a dedicated "MO GIVES Fund" created in the state treasury, which can accept private or federal contributions and retains unspent funds at biennium end.
HB 2672 creates the "Missouri Disabled Veterans Personal Property Tax Credit Act," allowing counties to offer a tax credit on personal property taxes for qualifying disabled veterans who own up to two vehicles. The credit equals the veteran's U.S. Department of Veterans Affairs disability rating (up to 100%), directly benefiting Missouri veterans with a 70% or higher service-connected disability rating who reside in adopting counties. Counties must voluntarily adopt the credit via local ordinance, and the credit reduces the veteran's tax bill without changing the vehicle's assessed value or tax rate. Veterans must provide annual proof of disability rating and vehicle ownership, and the credit does not apply to taxes for the blind pension fund. Counties decide whether to implement the credit, with no requirement for statewide adoption.
HB 2944 modifies Missouri's senior citizen homestead tax credit to help eligible residents aged 62+ who own their primary residence. It defines the credit amount as the difference between a taxpayer's current property tax bill and their "initial credit year" tax bill, automatically applying this credit annually without requiring reapplication after initial qualification. Counties can choose to implement the credit through a local ordinance or voter referendum, and must apply it to reduce the taxpayer's annual property tax liability. The credit continues automatically until the senior moves or dies, with special rules for home improvements or property annexation affecting the initial tax calculation.
HJR 174 proposes a constitutional amendment that would allow Missouri to eliminate its individual income tax by 2031 if specific revenue targets are met, while requiring the state to offset any revenue lost from this change. It prohibits expanding sales taxes to new services beyond those taxed in 2015 and mandates that local governments reduce other taxes (like property or sales taxes) if they expand the sales tax base to fund income tax elimination. The amendment also requires the state to adjust sales tax rates to maintain historical revenue levels after 2028 and exempts certain tax increases from revenue caps. This is a proposed amendment requiring voter approval, not current law, and does not affect existing tax debts or taxes on businesses, trusts, or estates.
