HB 2004 is Missouri's 2026-2027 appropriations bill for the Department of Revenue, allocating state funds to existing programs like highway fee collection, tax processing, and vehicle licensing. It specifies detailed spending limits for each division (e.g., $41 million for highway operations, $36 million for tax collection) and allows minor budget adjustments (up to 10%) between certain spending categories. The bill does not create new policies or programs but distributes existing state funds to current agency operations for the fiscal year beginning July 2026. It is currently pending in the House Budget Committee after being introduced in January 2026.
HB 2679 creates a tax deduction for Missouri residents who open "First-Time Business Owner Savings Accounts" to fund new business startups. Eligible individuals - defined as those who have never owned a business before and identify as members of a racial, ethnic, religious, or cultural minority - can deduct 50% of annual contributions (up to $800 for single filers or $1,600 for joint filers) from their state taxable income. The savings account must be used for eligible startup costs (like equipment, legal fees, or rent) within six years, with total contributions capped at $20,000 per account. The program expires automatically in 2033 unless reauthorized by the legislature.
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HB 2867 requires Missouri public school districts to implement a mandatory personal finance course for students, effective with the 2027-28 school year. The course, worth one-half credit, must cover practical topics like budgeting, credit management, saving, banking, taxes, and understanding major purchases such as housing. It directs the state education department to develop curriculum standards by convening a work group including educators, industry representatives, and nonprofit experts. All students must complete this course after grade nine to earn a high school diploma, with limited waiver options for transfer students or career-focused plans.
HB 2754 modifies Missouri's individual income tax rates. It sets a temporary top tax rate of 4.95% for tax years 2023-2026, replacing the previous structure. After 2026, the top rate permanently drops to 4.7% for all Missouri resident taxpayers. The bill also establishes a mechanism allowing annual 0.1% rate reductions (up to ten times) if state revenue exceeds prior-year levels, effective January 1 of each year. This directly affects Missouri residents filing state income tax returns.
HB 2948 creates a Missouri state tax credit for caregivers of eligible family members. It allows Missouri residents who provide ongoing care to a qualifying recipient (a person aged 60+ or under 60 with a disability requiring daily assistance) to claim a credit of up to $1,500 annually, based on documented caregiving costs like adult day care, in-home services, transportation, or medical supplies. Caregivers must provide proof of residency, care provision, and dependency status (or alternative documentation), but medical records are not required. The credit, effective for tax years beginning January 1, 2027, is refundable and cannot be carried forward or transferred.
HB 2010 is a fiscal year 2026-2027 appropriations bill that allocates $13.1 million to Missouri's Department of Mental Health for specific operational needs. It includes $15 million for contracted staffing at facilities like Fulton State Hospital and Northwest Missouri Psychiatric Rehabilitation Center, $4.1 million to implement a new electronic health record system across all mental health facilities, and $1.7 million for staff training and the "Caring for Missourians' Mental Health Initiative." The funding covers personnel, equipment, and program operations, with specified flexibility allowances between budget categories. This bill directly affects state-operated mental health facilities, employees, and patients receiving services through these programs.
HB 2650 gradually eliminates property taxes on tangible personal property (like business equipment and furniture) in cities or counties that vote to do so. If approved by voters, the tax rate on this property decreases each year for five years: starting at 26.6% in year one, dropping to 19.9%, then 13.2%, 6.5%, and finally 0% from year five onward. Cities or counties may also choose to replace lost revenue with a local sales tax, but only if voters approve both the elimination and the sales tax. This directly affects local governments and businesses that own taxable tangible personal property within participating jurisdictions.
HB 2696 shifts responsibility for most circuit court expenses from local counties to the state treasury, requiring that all such expenditures (except salaries, clerk hire, and municipal court divisions) be paid from the state. The bill repeals prior laws and establishes new budget procedures: circuit courts must submit spending estimates to county officials, and disputes over these estimates must be reviewed by the judicial finance commission. This directly affects all 40 Missouri circuit courts and their counties, moving financial accountability for court operations from local governments to the state. The law aims to standardize funding and reduce budget conflicts between counties and courts.
SB 1574 would authorize Henry County to implement a local sales tax specifically for funding museum operations and programs. This tax would apply to eligible purchases within the county, directly affecting residents who make taxable purchases and potentially increasing funding for county museums. The bill provides the legal mechanism for the county to propose and collect this tax, though it does not mandate implementation or specify the tax rate.
HB 2690 would replace Missouri's individual and corporate income taxes, estate tax, and related deductions with a 5.11% tax on all new retail purchases and services starting in 2028. It requires the state to adjust the tax rate if revenue changes and provides monthly sales tax rebates to qualifying families based on federal poverty guidelines. The bill directly affects all Missouri residents and businesses by shifting tax responsibility from income to consumption. It must be approved by voters in a 2026 referendum to take effect.
