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.
SB 1592 would create a tax credit allowing businesses or individuals to reduce their state tax liability by a portion of their contributions to designated prevention resource centers. These centers likely focus on community prevention services (like health or safety programs), though the bill doesn't specify their exact scope. The credit would directly affect taxpayers making qualifying donations, potentially encouraging financial support for these centers. The bill is currently pending review by the Senate Economic and Workforce Development Committee and has not yet been enacted.
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.
SB 1608 would create a state tax credit for individuals or businesses that donate to specific youth-focused police programs. The bill directly affects taxpayers who contribute to qualifying initiatives, such as community policing outreach or youth engagement programs run by law enforcement. It does not describe specific qualifying programs, credit amounts, or eligibility rules in the provided abstract. As the bill is only at its first reading (2026-01-29), no further details about implementation or scope are available in the current context.
HB 2955 creates a Missouri tax credit for businesses and organizations providing services to homeless individuals. Eligible taxpayers (such as job training agencies, employment providers, or housing organizations) can claim up to $10,000 annually in income tax credits for services like job training, employment (28+ hours/week at minimum wage), or housing support specifically for homeless persons. Certification by the Department of Economic Development is required, with annual renewal, and credits are non-refundable but carry forward for up to three years. The total annual credit amount is capped at $1 million. This bill directly affects service providers who meet the certification criteria, not homeless individuals themselves.
HB 2039 creates a state tax credit for individual volunteer drivers who provide transportation for qualified 501(c)(3) nonprofit organizations without expecting payment. It allows eligible taxpayers to claim a credit covering unreimbursed driving costs (gas, diesel, or electric charging) and mileage at the IRS business rate, up to $3,000 per year, adjusted annually for inflation. The credit is non-refundable, can be carried forward for three years, and is subject to a $1 million annual cap across all claimants. The program expires after six years unless renewed by the legislature.
HB 2143 modifies Missouri's tax credit rules for businesses relocating between border counties in Missouri and Kansas. It authorizes Missouri's Department of Economic Development (DED) to reclaim tax credits or incentives if Kansas restricts similar incentives for jobs moving from Missouri border counties to Kansas border counties (Johnson, Miami, or Wyandotte County in Kansas). The bill requires DED to formally certify Kansas' actions to Missouri's governor and legislature, triggering the clawback process only after unanimous legislative affirmation. This measure directly affects businesses and economic development programs operating across the Missouri-Kansas border, creating a reciprocal incentive system based on each state's policies.
HB 1715 creates a Missouri tax credit program to incentivize workforce and disaster recovery housing projects. It provides tax credits against state income or franchise taxes for housing developers, contractors, or nonprofits building projects that meet specific criteria, including locations in designated "distressed workforce housing communities" or counties with state disaster declarations eligible for FEMA aid. Projects must include at least two single-family homes (or four in non-small cities), three multi-unit dwelling units, or two units in redeveloped multi-use buildings. The credits cover qualifying costs like construction or rehabilitation, excluding amounts already covered by other government grants or tax credits, and target underutilized sites like brownfields (contaminated properties) or grayfields (blighted, outdated developments).
SB 1434 authorizes a tax credit for individuals who complete qualifying firearm safety training courses. The bill directly affects residents who pay for such courses, reducing the amount of tax they owe based on their course expenses. Key provisions establish a specific credit amount per course, to be claimed when filing state income taxes. The legislation aims to incentivize firearm safety education through direct financial relief.
