Budget & Taxes

in committee · Missouri · House Apr 1, 2026

HB 1762: Modifies provisions relating to income tax deductions for private pensions

HB 1762 modifies Missouri's income tax rules for retirement benefits, primarily affecting taxpayers receiving private pension income. It increases the maximum deductible amount for retirement benefits from private sources: $6,000 annually for tax years 2002-2026, rising to $12,000 annually starting in 2027. The bill specifically includes 401(k) plans, IRAs, and other private retirement arrangements (but excludes Roth IRAs) in the deduction calculation. Deduction limits apply based on filing status (e.g., single, married filing jointly) and income thresholds, with higher limits for lower-income taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax deductions for private pension income, providing relief to retirees by reducing taxable income under Missouri's income tax system.95% confidence

Sub-Topics Income Tax Pensions

Track

passed · Missouri · House Apr 29, 2026

HB 2142: Modifies the "Show MO Act" tax credit caps for qualified motion media production projects

HB 2142 modifies Missouri's tax credit program for motion media productions (like films, TV shows, video games, and VR content) by increasing the base tax credit rate to 20% of qualifying expenses and adding up to 5% more for specific criteria, such as filming in Missouri, hiring Missouri residents, or promoting tourism. It directly affects production companies filming in Missouri that meet defined project size and content requirements (excluding news, ads, or political content). Key provisions include annual spending caps ($8 million/year for film/series through 2026, rising to $16 million/year after 2026), mandatory employment of Missouri residents/veterans based on project size, and requirements for promotional materials. The bill aims to incentivize local production while ensuring credits are tied to economic impact in Missouri.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for motion media productions, providing tax relief to incentivize economic development in Missouri through targeted fiscal incentives.95% confidence

Sub-Topics Tax Credits

Track

in committee · Missouri · House May 15, 2026

HB 2527: Establishes a tax credit for certain newspaper printing plants

HB 2527 creates a 50% tax credit against Missouri state income tax for qualifying newspaper printing plants, directly affecting businesses headquartered in Missouri that derive most revenue from printing publicly distributed newspapers. The credit equals half of eligible labor costs (reported on W-2s for pressroom/mailroom staff) incurred during the tax year, with a total annual cap of $7 million across all applicants. Taxpayers must apply to the Missouri Department of Revenue, and unused credits can be refunded or transferred. The program expires automatically six years after implementation (unless renewed by the legislature) and applies only to state tax liability under Chapters 143 or 148, excluding withholding tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for newspaper printing plants, reducing tax burden on qualifying businesses and incentivizing local employment in a public information sector.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

Track

in committee · Missouri · House May 15, 2026

HJR 138: Proposes a constitutional amendment relating to property tax exemptions for certain disabled veterans

HJR 138 proposes a constitutional amendment to expand Missouri's property tax exemption for disabled veterans. It would exempt the homestead property (primary residence) of veterans certified by the VA to receive 100% disability compensation for a service-connected injury, plus their surviving spouses who continue living in that home. The amendment repeals the current constitutional provision and replaces it with specific definitions, ensuring the exemption applies to veterans meeting federal VA criteria and extends to surviving spouses under defined conditions. This change would directly affect qualifying disabled veterans and their surviving spouses in Missouri by providing property tax relief on their primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for disabled veterans, reducing tax liability for this group. Direct tax relief alignates with support criteria for fiscal policy.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for disabled veterans with 100% VA disability rating and surviving spouses, directly strengthening financial benefits for veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits

Track

in committee · Missouri · Senate Jan 27, 2026

SB 1241: Authorizes an income tax deduction for tipped income

SB 1241 would allow workers who earn tips (such as servers or bartenders) to deduct their total tipped income from their taxable income when filing state income taxes. This means their taxable income would be reduced by the amount they earn in tips, lowering the overall tax they owe. The bill directly affects service industry workers who rely on tips as a significant part of their earnings. It creates a specific tax deduction mechanism for tipped income, rather than changing the tax rate or adding new taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirectly provides tax relief for lower-income service workers by allowing tip deductions, reducing taxable income and tax burden per tax relief indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill reduces taxable income for tipped workers, increasing take-home pay and directly supporting financial security for service industry employees.95% confidence

Sub-Topics Income Tax Minimum Wage

Track

in committee · Missouri · House May 15, 2026

HB 2173: Modifies provisions relating to income tax on tips

HB 2173 is titled "Modifies provisions relating to income tax on tips," but the bill text actually adjusts how Missouri calculates taxable income by modifying adjustments to federal adjusted gross income (AGI). It adds back certain federal tax refunds (like pandemic-related payments excluded from Missouri tax) and specific deductions, while subtracting items like interest from federal bonds. The bill directly affects Missouri taxpayers by changing their state tax liability based on federal tax calculations, particularly for refunds and deductions related to federal tax law changes. This is a procedural tax code adjustment, not a new policy, and does not involve income tax on tips as the title suggests.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax calculation to include excluded federal refunds, increasing taxable income and state revenue.90% confidence

Sub-Topics Business Taxes Income Tax

Track

in committee · Missouri · Senate Jan 15, 2026

SB 1044: Authorizes a tax credit for providing services to homeless persons

SB 1044 would create a tax credit for organizations that provide direct services to homeless individuals, such as shelter, meals, or case management. This credit would allow eligible nonprofits or service providers to reduce their state tax liability based on qualifying expenses. The bill is currently under review by the Senate Economic and Workforce Development Committee after being referred in January 2026. The abstract does not specify credit amounts, eligibility details, or program funding sources.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for homeless service providers, reducing tax liability to fund essential services through fiscal incentives.85% confidence ✓ HousingSupports HousingAuthorizes tax credits for nonprofits providing homeless services (shelter, meals, case management), directly funding housing assistance for vulnerable populations.95% confidence

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

Track

died · Missouri · House Jan 7, 2026

HB 2295: Modifies provisions relating to tax credits

HB 2295 increases tax credits for businesses that contribute to community programs in small towns (population ≤15,000) or economically distressed areas, allowing up to 70% of contributions to be refunded. It sets annual limits of $4 million for 1999 and $6 million for 2000 onward, with a $250,000 cap per business unless contributions target impoverished communities (where credits may exceed the cap). The bill restricts credits for financial institutions on routine business activities and establishes a total annual cap of $32 million across all tax credit programs. Businesses claiming housing-related credits must certify tenant income eligibility and housing compliance annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases business tax credits for community contributions in distressed areas, providing tax relief and directing funds toward local economic development through targeted fiscal incentives.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

Track

died · Missouri · House Jan 2, 2026

HB 2229: Authorizes the "Missouri No Tax on Car Loan Interest Tax Credit", relating to a tax credit for certain new motor vehicle loan interest payments

HB 2229 creates a Missouri state tax credit for interest paid on new personal vehicle loans meeting specific criteria (e.g., manufactured in the U.S., under 14,000 lbs, purchased after 2025). It allows eligible Missouri residents who paid qualified loan interest (capped at $10,000 annually) to reduce their state income tax liability by that amount, with the credit phased out for taxpayers earning over $100,000 in adjusted gross income. The credit is non-refundable, cannot be carried forward, and expires after 2029 unless renewed. The bill was prefaced in 2025 but withdrawn in January 2026, so it never became law.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state tax liability for eligible residents, aligning with tax relief policy as a direct fiscal incentive.95% confidence

Sub-Topics Income Tax Tax Credits

Track

failed · Missouri · Senate May 5, 2026

SB 1032: Creates an income tax deduction for certain dependents

SB 1032 would create a new income tax deduction for specific dependents, potentially lowering tax bills for eligible taxpayers. The bill's official abstract states it establishes this deduction but does not specify which dependents qualify (e.g., age, relationship) or the deduction amount. As the bill is in early stages (prefiled, referred to committee), no detailed provisions or eligibility criteria are provided in the available context. This summary reflects only the bill's stated purpose from its title and abstract, with no additional details confirmed.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax deduction, reducing tax burden for eligible taxpayers, aligning with tax relief indicators for middle/lower income.85% confidence

Sub-Topics Income Tax

Track