Budget & Taxes

in committee · Missouri · Senate Jan 27, 2026

SJR 84: Eliminates property taxes on personal property

SJR 84 would eliminate property taxes on personal property, such as vehicles, furniture, and equipment, directly affecting individuals and businesses that own these items. The bill removes the tax obligation for personal property without introducing new fees or modifying existing exemptions. This is a straightforward policy change targeting the tax treatment of movable assets, distinct from real estate taxes. The bill is currently in early legislative stages, having been prefaced in December 2025 and receiving its first reading in January 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates property taxes on personal property, providing tax relief to individuals and businesses, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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in committee · Missouri · House Feb 5, 2026

HJR 111: Proposes a constitutional amendment relating to property tax

HJR 111 proposes a constitutional amendment to allow specific school districts (like Kansas City Public Schools) with 1995 federal court-ordered property tax rates to set lower annual tax rates without voter approval. It requires voter approval for tax rates equal to or higher than the 1995 court rate. For 2027, districts must set tax rates to maintain 2026 revenue levels plus a Consumer Price Index-based increase. This amendment expires December 31, 2026, and applies only to districts with court-ordered levies from 1995.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows specific school districts to set lower property tax rates without voter approval, providing targeted tax relief while maintaining revenue requirements.95% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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passed · Missouri · House Mar 23, 2026

HB 1800: Changes the percentage of the cap on the inflationary growth factor for the assessment growth of real or personal property occurring within a political subdivision, defines assessment value, and adds provisions related to the sales ratio studies performed by the State Tax Commission

HB 1800 modifies Missouri's property tax system by changing the inflation-based cap on how much local governments (cities, counties, school districts) can increase property tax rates annually. It revises the calculation for the "inflationary growth factor," requiring political subdivisions to adjust tax rates to maintain the same revenue as the previous year when property values change, but within a new, lower cap on rate increases. This directly affects local governments that collect property taxes, as they must recalibrate levies to match revenue from the prior year while adhering to the updated inflation limit. The bill replaces the existing cap with a revised formula to prevent excessive annual tax rate hikes tied to property value changes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill lowers cap on annual property tax rate increases for local governments, restricting revenue growth and limiting fiscal flexibility within Budget & Taxes framework.92% confidence ✗ EducationOpposes EducationBill lowers property tax cap for school districts, restricting revenue growth amid inflation and limiting their ability to fund education programs without explicit funding increases.85% confidence

Sub-Topics Property Tax Testing & Assessment

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in committee · Missouri · House May 7, 2026

HB 2461: Modifies provisions related to the "Donated Food" food pantry tax credit

HB 2461 modifies Missouri's tax credit program for donations to food assistance organizations. Taxpayers can claim a credit for cash or food donations to qualifying food pantries (since 2013), soup kitchens/homeless shelters (since 2018), or food banks (starting 2026), with credits equaling 50% of donation value before 2026 and 70% after. The credit is capped at $2,500 per taxpayer annually, with annual limits on total credits ($1.75 million for pantries/soup kitchens/shelters pre-2026; $2.75 million for those plus $1.25 million for food banks post-2026). Organizations must be 501(c)(3) nonprofits serving Missouri residents, and donations must be accepted before expiration dates.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for food donations, incentivizing charitable giving and reducing taxable income for donors, aligning with tax relief and fiscal responsibility indicators.95% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House May 15, 2026

HB 2575: Modifies provisions relating to income tax

HB 2575 modifies Missouri's individual income tax rates for residents. It sets a fixed top tax rate of 4.95% for tax years 2023-2026, replacing the previous tiered system. Starting in 2027, the top rate will be 4.7% or the existing rate as of January 1, 2027, whichever is lower. Additionally, the bill allows for annual 0.15 percentage point reductions beginning in 2024, potentially lowering the rate to zero over time. This affects all Missouri residents who pay state income tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces top income tax rates (4.95% to 4.7%) with annual cuts, providing tax relief for taxpayers.95% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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in committee · Missouri · House May 15, 2026

HB 2216: Establishes the "Missouri Gives Tax Credit Act", authorizing tax credits for certain contributions to permanent endowment funds held by qualified community foundations

HB 2216, the "Missouri Gives Tax Credit Act," would allow Missouri taxpayers to claim a 25% state tax credit for contributions to permanent endowment funds held by qualified community foundations. It directly affects individuals and businesses that make qualifying contributions (defined as irrevocable gifts to foundations meeting specific criteria), with credits capped at $100,000 per taxpayer annually and $3 million per foundation yearly. The bill sets a $5 million annual limit for all credits, reserves 25% for small gifts under $25,000, and requires taxpayers to verify contributions with the state. The credit is non-refundable, non-transferable, and expires after one year, with the program set to sunset six years after enactment unless renewed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides 25% tax credits for charitable contributions to community foundations, reducing taxable income and offering tax relief per tax credit indicators.95% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House Feb 12, 2026

HB 2116: Modifies provisions governing contributions to qualified tuition programs

HB 2116 modifies Missouri's tax treatment for qualified tuition programs, primarily federal 529 college savings plans. It exempts program assets, income, and refunds for qualified education expenses from state income tax, while allowing taxpayers to deduct up to $8,000 annually (or $16,000 for joint filers) from their state taxable income for contributions. Distributions not used for education expenses or transferred per federal rules would become taxable income. This bill directly affects Missouri residents who use 529 plans for education savings, providing state tax benefits tied to federal program rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for education savings, reducing state tax burden on contributors and aligning with tax incentive policies for families.95% confidence ✓ EducationSupports EducationProvides tax incentives for 529 college savings plans, increasing higher education affordability through state tax deductions and exemptions.95% confidence

Sub-Topics Income Tax Higher Education

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passed · Missouri · House May 7, 2026

HB 2409: Authorizes the "Child Care Contribution Tax Credit Act", the "Employer-Provided Child Care Assistance Tax Credit Act", and the "Child Care Providers Tax Credit", relating to tax credits for child care

HB 2409 creates three new Missouri tax credit programs to support child care access. It allows taxpayers (individuals, businesses, and charitable organizations) to claim a 75% tax credit on verified contributions to licensed child care providers or approved nonprofit intermediaries, with credits ranging from $100 to $200,000 annually. To qualify, contributions must be made to providers or intermediaries that first secure approval from Missouri's Department of Economic Development. The tax credits apply to tax years beginning January 1, 2027, and are designed to incentivize financial support for child care services, particularly in underserved areas defined as "child care deserts."

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits reducing tax liability for child care contributions, aligning with tax relief and fiscal support for families/child care access under Budget & Taxes topic.95% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House Apr 20, 2026

HB 1671: Modifies the Tourism Supplemental Revenue Fund

This bill creates a dedicated "Division of Tourism Supplemental Revenue Fund" in Missouri's state treasury, funded primarily by a portion of sales taxes from tourism-related businesses (such as hotels, attractions, and travel services, identified by specific SIC codes). The fund's annual deposits are capped at $3 million more than the previous year's amount and are calculated using tourism sales tax revenue. Before spending from the fund, the Division of Tourism must submit a marketing strategy to legislative committees for review. The fund expires on June 30, 2020, and its money cannot be returned to the general revenue fund at the end of a biennium.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated tourism fund from sales tax revenue, allocating existing tax income to tourism marketing program with annual deposit cap.92% confidence

Sub-Topics Revenue Sales Tax

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in committee · Missouri · House May 15, 2026

HB 2196: Modifies the "Show MO Act" tax credit caps for qualified motion media production projects

HB 2196 modifies Missouri's tax credit program for motion media productions (like films, series, and digital content) by adjusting credit percentages and adding new requirements. It allows producers to claim a base 20% tax credit on qualifying expenses (e.g., wages, equipment), with up to 5% additional credit for filming in Missouri, rural/blighted areas, hiring Missouri residents for training, or marketing locations. The bill caps annual tax credits at $8 million for film/series through 2026 and $16 million after 2026, requires minimum Missouri employment levels based on project size, and mandates economic impact reports. This directly affects production companies meeting eligibility criteria, including those filming in Missouri with qualifying expenses over $50,000 for short projects or $100,000 for longer works.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to film producers via adjusted caps and incentives, advancing tax incentive program funding within budget constraints.90% confidence

Sub-Topics Tax Credits

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