Budget & Taxes (Tax Incentives)

in committee · Missouri · House May 15, 2026

HB 3125: Authorizes a real property tax exemption for taxpayers sixty-five years of age or older who own a homestead

HB 3125 would create a property tax exemption for Missouri homeowners aged 65 or older who own and live in their primary residence (homestead). Starting in 2027, eligible owners would not pay real property taxes on their homestead, but they would lose eligibility for other property tax credits or relief programs. The state would reimburse local governments for lost tax revenue due to this exemption. This exemption cannot be transferred or combined with other tax relief for the same property.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for seniors (65+), reducing their tax burden while state reimburses local governments, aligning with tax relief for vulnerable groups.90% confidence

Sub-Topics Property Tax Revenue Tax Incentives

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in committee · Missouri · House Mar 31, 2026

HB 3097: Creates provisions relating to a tax credit for contributions to certain youth police initiatives

HB 3097 creates a 100% state tax credit for Missouri taxpayers who donate to eligible nonprofits running youth police initiatives in urban areas. These initiatives focus on building trust between at-risk youth and local police through structured activities and dialogue. The credit, non-refundable but carryable for up to five years, is capped at $500,000 annually per the state. Taxpayers must contribute to a department-listed entity and provide documentation to claim the credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 100% tax credit for donations to youth police initiatives, reducing tax burden for contributors while supporting public safety programs through fiscal incentive.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill creates tax credit for youth police trust initiatives, directly promoting community engagement and reform in police-youth relations, a key criminal justice reform strategy.95% confidence

Sub-Topics Tax Credits Tax Incentives Policing

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in committee · Missouri · House May 15, 2026

HJR 151: Proposes a constitutional amendment allowing a personal property tax exemption

HJR 151 proposes a constitutional amendment to create new personal property tax exemptions in Missouri. It would exempt manufacturers' and retailers' inventories (like raw materials and goods for sale), household items in homes, and property used by veterans with service-connected disabilities or religious/charitable organizations. To offset lost tax revenue, counties would implement a replacement tax on other property (specifically subclass 3 of class 1 property) at a rate calculated to cover the shortfall. The amendment requires voter approval after legislative passage and would take effect in counties following their first general reassessment. This change would directly affect manufacturers, retailers, and homeowners with qualifying property, while shifting tax burden to other property owners in affected counties.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts household items (tax relief for lower-income households) and veterans' property, aligning with tax relief indicators for middle/lower income groups.92% confidence ✓ VeteransSupports VeteransExempts veterans with service-connected disabilities from personal property tax, directly expanding their financial benefits per bill summary.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 2941: Authorizes a tax credit for certain railroad expenses

HB 2941 creates a state tax credit for eligible Missouri railroads and rail infrastructure owners to offset certain track-related expenses. It allows short line railroads (Class II or III) and rail siding owners to claim a credit equal to 50% of qualified maintenance costs (up to $4.5 million annually) or new infrastructure projects (up to $10 million annually). Unused credits can be carried forward for up to five years or transferred to eligible customers or vendors. This bill directly affects rail companies and infrastructure projects meeting Missouri's specific eligibility criteria, effective for tax years beginning January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for railroads, providing tax relief under taxation policy per bill's explicit purpose and subjects list.95% confidence ✓ TransportationSupports TransportationBill provides tax credit for rail infrastructure maintenance and new projects, directly funding transportation infrastructure per subjects list and summary.95% confidence

Sub-Topics Tax Credits Tax Incentives Rail

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in committee · Missouri · House May 15, 2026

HB 3118: Modifies provisions relating to benevolent tax credits

HB 3118 modifies tax credit rules for business contributions to community programs. It allows up to 70% tax credits for donations to approved programs in small communities (under 15,000 residents) or distressed areas, with an annual cap of $6 million. Special provisions apply to affordable housing investments in distressed communities, offering up to 55% tax credits under separate annual limits. The bill affects businesses and financial institutions making qualifying contributions, excluding normal business activities like banking or insurance operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows 70% tax credits for business donations to community programs in distressed areas, incentivizing private funding for public services under fiscal caps.95% confidence ✓ HousingSupports HousingOffers 55% tax credits for affordable housing investments in distressed communities, directly funding housing development through targeted tax incentives.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Property Taxes

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in committee · Missouri · House Mar 26, 2026

HB 3027: Establishes the Missouri Defense and Energy Independence Act

HB 3027, the Missouri Defense and Energy Independence Act, creates new sales tax exemptions for businesses producing critical materials (like metals for defense tech) and critical pharmaceuticals. It exempts purchases of materials, equipment, and energy used in manufacturing these items, as well as defense contractors' purchases under federal contracts and large-scale industrial laundries. The bill also exempts construction costs for nuclear security enterprises in cities over 400,000 population, with this exemption expiring August 28, 2034. These tax breaks directly benefit manufacturers and defense-related businesses in Missouri.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates sales tax exemptions for defense/energy businesses, providing tax relief for targeted industries per bill's explicit language.95% confidence

Sub-Topics Sales Tax Tax Incentives

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signed · Missouri · House Jul 13, 2026

HB 3080: Modifies the historic preservation tax credit and includes an emergency clause

HB 3080 modifies Missouri’s historic preservation tax credit program to increase incentives for rehabilitating historic properties. It offers a 35% tax credit for eligible properties in qualifying counties (non-urban areas with high poverty rates), historic schools, or theaters, compared to a 25% credit for other properties. To qualify, rehabilitation costs must exceed 50% of the property’s basis and meet federal Secretary of the Interior standards. The bill also sets a $90 million annual cap on tax credits for non-poverty-area projects and allocates an additional $30 million yearly for projects in high-poverty census tracts.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit rate (35% vs 25%) for historic preservation, providing tax relief to qualifying property owners in targeted poverty-affected areas.95% confidence ✓ HousingSupports HousingTargets high-poverty non-urban areas for historic rehab tax credits, incentivizing property rehabilitation that can increase housing stock and development in underserved communities.75% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation

vetoed · Missouri · House Jun 30, 2026

HB 2007: Appropriates money for the expenses, grants, refunds, and distributions of the Department of Economic Development, the Department of Commerce and Insurance, and the Department of Labor and Industrial Relations

HB 2007 is a fiscal 2026-2027 appropriations bill that allocates $9.0 million from state funds to the Department of Economic Development for its Regional Engagement Division, including funding for minority inclusion efforts and international trade offices. It also allocates $36.8 million for tax increment financing projects, such as Springfield Jordan Valley Park and Kansas City Bannister Mall, though projects must complete an application process to receive funds. The bill specifies that funds must be used solely for designated purposes, with some flexibility allowed between personal services and expenses in certain sections. This bill provides necessary funding for existing economic development programs without creating new laws or policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $9M for economic development and $36.8M for tax increment financing projects, directly funding state budget initiatives to promote economic growth and fiscal management.95% confidence

Sub-Topics Appropriations State Budget Tax Incentives Tags Economic Development

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in committee · Missouri · House May 15, 2026

HB 2731: Authorizes a tax credit to offset fees from the adoption of rescue animals

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit ($125/adoption) for adoption fees, reducing tax liability for residents and aligning with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · Missouri · House Apr 29, 2026

HB 2713: Modifies provisions relating to tax credits

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small meat processors, reducing tax liability and promoting business investment via targeted tax relief.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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