HB 2782 modifies rules for certain Missouri state retirement systems regarding new benefits and funding. It prohibits adding new retirement benefits or cost-of-living adjustments that would increase the system's financial burden unless the plan's funding ratio meets strict thresholds (at least 80% before, 75% after adoption). The bill specifically authorizes a one-time supplemental payment of up to $2,000 per month to eligible retirees under the system governed by sections 169.410-169.542, payable by September 30, 2027, subject to state funding. This payment is in addition to regular pension benefits and requires state appropriation. The law does not apply to retirement systems under chapters 70 or 476.
HJR 162 would require at least 20% of eligible voters to cast ballots in elections for new property tax bonds or renewals of existing property tax levies. For such measures to pass, they must also receive majority support from voters who participate. This directly affects local governments and school districts seeking to fund services like roads or schools through property tax levies. The bill sets these dual thresholds to ensure broader community engagement before tax-related measures can be approved.
HB 2639 creates a state tax credit for individuals and businesses that donate to certified local law enforcement foundations. Taxpayers can claim credits of up to $5,000 (single filers) or $10,000 (married/joint filers) annually for contributions used to fund officer training, salary supplements, equipment, or joint emergency response teams with behavioral health specialists. Foundations must be certified by the state, limit annual contributions to $3 million, and cannot accept more than $3 million per year from this program. The total tax credits available are capped at $75 million annually, with unused credits carried forward for up to five years.
HB 2665 exempts most retail food sales from Missouri's state sales tax starting January 1, 2027, directly affecting grocery stores and retailers selling eligible food items. Currently, food sales are taxed at 1% until December 31, 2026, with that revenue going to school district funds; after 2026, no state tax applies. The exemption excludes restaurants, fast food, and other establishments where prepared food accounts for over 80% of sales. "Food" is defined as items eligible for SNAP benefits, including vending machine sales, but not prepared meals sold at eateries.
HJR 164 proposes a constitutional amendment in Missouri that would prohibit expanding state and local sales/use taxes to cover new services or transactions after January 1, 2015, unless the expansion is specifically intended to reduce or eliminate the state individual income tax. It would allow the legislature to broaden the sales tax base for this purpose and exempt such tax increases from certain revenue requirements and reporting rules. The amendment, if approved by voters, would directly affect Missouri taxpayers and lawmakers by restricting future tax expansions while creating a pathway to replace income tax with sales tax. This proposal requires voter approval in a 2026 election and is not yet law.
HB 2883 modifies Missouri's "Show-Me Sports Investment Act" to govern state funding for professional sports facilities. It allows the state to provide financial assistance (up to the facility's baseline tax revenues annually) to MLB or NFL teams for new or upgraded athletic venues with seating over 30,000, requiring projects to cost at least $500 million. The bill restricts funding to exclude tax revenues from the 2026 FIFA World Cup in specific counties and caps state spending at 50% of project costs via bonds over a 30-year period. This directly affects professional sports franchises seeking state support for facility development in Missouri.
Tags
Economic Development
SB 1031 prohibits state departments from using public funds for specific diversity initiatives. It directly affects state agencies and their budgets by banning expenditures on certain programs related to diversity, equity, and inclusion. The bill's key mechanism is a clear spending restriction on designated initiatives, without defining them further in the provided abstract. Currently, the bill has been prefaced and referred to the Government Efficiency Committee for review.
HJR 131 proposes a constitutional amendment to Missouri's Article X that would establish new property tax exemptions and set a state revenue limit. It would exempt certain properties (veterans' homesteads, manufacturing inventories, religious/charitable properties) from taxation and require counties to replace lost tax revenue through a new countywide tax on specific commercial property. The amendment also sets a state revenue cap, limiting total state taxes (excluding federal funds) to a formula based on historical revenue and Missouri personal income, effective for fiscal year 2027-2028. This would directly affect businesses (manufacturers, retailers), property owners (veterans, religious organizations), and local governments managing tax replacement mechanisms. The amendment requires voter approval to take effect.
HB 1764 modifies how special road districts in Missouri manage revenue from property taxes. It requires districts to spend all collected funds within their county and limits spending in cities within the district based on road mileage. The bill also allows cities in counties over 230,000 population to exclude themselves from a special road district via city ordinance, ending the district’s tax collection and spending obligations within that city. This directly affects special road districts and cities within them, changing their financial relationships. The bill focuses on clarifying district spending authority and city exclusion options, not creating new services or taxes.
HB 1845 creates the Missouri Angel Investment Incentive Act, offering tax credits to qualified investors who provide cash investments to eligible Missouri businesses. The bill directly affects accredited investors (including those meeting federal JOBS Act criteria) and "qualified Missouri businesses" approved by the Missouri Technology Corporation (MTC) as tech-focused companies operating in designated geographic regions across Missouri. Key provisions include tax credits equal to 25% of qualifying investments (up to $100,000 per investor annually) for businesses meeting location criteria - either domiciled in Missouri or primarily operating within the state. The law excludes investors who are executives, officers, or employees of the business they invest in, but allows directors to qualify for credits.
