Budget & Taxes (Tax Incentives)

in committee · Missouri · House May 15, 2026

HB 3236: Authorizes certain counties to opt in to an exemption from state and local sales and use tax on certain building supplies

HB 3236 creates a sales tax exemption for building supplies used in constructing unattached single-family homes within participating counties or municipalities. It directly affects homebuilders and homeowners in jurisdictions that opt into the program, limiting the exemption to purchases under $250,000 per home. To qualify, a county or municipality must pass an ordinance to join the program, and homebuilders must obtain a department of revenue exemption letter confirming eligibility. The exemption applies only to construction of single-family homes, not attached dwellings, and runs from January 1, 2027, through 2031.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides sales tax exemption for home construction, offering tax relief to homeowners and builders under $250k, aligning with tax relief indicators.90% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 3543: Authorizes counties to adopt a real property homestead tax exemption for certain disabled veterans

HB 3543 allows Missouri counties to create a property tax exemption for disabled veterans' primary homes starting in 2027. It defines "disabled veteran" as a Missouri resident with a service-connected disability (100% disabled or compensating for unemployability) who owns and occupies their home. The exemption covers up to $32,500 or the federal maximum amount of property tax, and it extends to surviving spouses or minor children who continue living in the home. Counties must seek voter approval for a replacement sales tax to offset lost revenue before implementing the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden and aligning with tax relief indicators for lower-income groups.90% confidence ✓ VeteransSupports VeteransProvides property tax exemption for disabled veterans' primary homes, expanding financial benefits and recognizing service-connected disabilities.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives Veteran Benefits Veteran Healthcare Veteran Housing

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passed · Missouri · House Apr 29, 2026

HB 3308: Authorizes a sales tax exemption for certain purchases of materials and equipment

HB 3308 exempts certain business purchases from Missouri's sales tax, directly affecting manufacturers, defense contractors, and commercial laundries. It removes tax on materials, equipment, and utilities used in manufacturing, processing, mining, and producing goods, including specific exemptions for nuclear security enterprises (with a 2034 expiration) and large-scale commercial laundries processing over 500 pounds of textiles hourly. The bill also covers defense contractors fulfilling U.S. government contracts and projects under certain state development laws. These exemptions apply to tangible personal property, utilities, and services used in qualifying operations, reducing operational costs for eligible businesses.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts business purchases from sales tax, reducing state revenue. Targets defense contractors/manufacturers, aligning with tax breaks for wealthy entities per oppose indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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passed · Missouri · House Apr 30, 2026

HB 3329: Modifies provisions relating to tax credits

HB 3329 restructures how Missouri administers four economic development funds: the Industrial Development and Reserve Fund, Industrial Development Guarantee Fund, Export Finance Fund, and Jobs Now Fund. It specifies eligible funding sources (like state appropriations, bond proceeds, grants, and repayments), requires funds to be kept separate from state treasury money, and mandates that $12 million annually be allocated to the Jobs Now Fund from increased state revenue. The bill directly affects businesses applying for loans or grants through these funds and economic development agencies managing them. Key provisions include rules for fund investments, separate account creation, and the board’s authority to issue revenue bonds and manage disbursements under sections 100.250-100.297.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates $12M annual allocation to Jobs Now Fund from increased revenue, restructuring tax credit administration to fund economic development programs.90% confidence

Sub-Topics Revenue Tax Credits Tax Incentives Tags Economic Development

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in committee · Missouri · House May 15, 2026

HB 3214: Creates the Manufacturing Opportunity Zones Act for large manufacturing developments with access to transportation and proximity to electricity, gas, and water

HB 3214 creates "Manufacturing Opportunity Zones" in Missouri for large manufacturing developments requiring access to transportation and essential utilities like electricity, gas, and water. It exempts qualifying manufacturing companies (with NAICS codes 31-33 that own property in Missouri) from state corporate income tax starting in 2027, establishes a fast-track permitting process for projects in these zones, and creates a dedicated utility fund financed by a 1% user fee on utilities to improve infrastructure. The bill also introduces a small business loan guarantee program (up to 90% total guarantee) to support manufacturing and technology companies investing in these zones.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts qualifying manufacturing companies from state corporate income tax, reducing state revenue. Aligns with 'oppose' indicator of creating tax breaks for businesses.92% confidence

Sub-Topics Business Taxes Fees & Licensing Tax Incentives Tags Economic Development

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signed · Missouri · Senate Jul 13, 2026

SB 1553: Authorizes incentives for producing certain critical materials and pharmaceuticals

SB 1553 authorizes financial incentives, such as tax credits or grants, for companies producing specific critical materials (e.g., minerals for clean energy technology) and certain pharmaceuticals. It directly affects domestic manufacturers in these sectors by potentially lowering production costs through government support. The bill's key mechanism is creating these targeted financial benefits to encourage increased domestic manufacturing capacity. Currently pending in the Senate Economic and Workforce Development Committee after initial readings.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax credits for manufacturers, directly using fiscal policy to incentivize domestic production through targeted tax relief, aligning with budget/tax support indicators.95% confidence ✓ EnergySupports EnergyBill explicitly targets incentives for minerals used in clean energy technology, directly advancing renewable energy infrastructure and production through financial support.95% confidence ✓ EnvironmentSupports EnvironmentBill targets incentives for minerals used in clean energy technology, directly promoting domestic production of critical materials for environmental protection and clean energy advancement.85% confidence ✓ TechnologySupports TechnologyAuthorizes incentives for clean energy tech materials manufacturing, directly funding domestic production of critical tech components used in energy technology.90% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives Renewable Energy Tags Economic Development

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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