Budget & Taxes (Tax Credits)

in committee · Missouri · House Mar 10, 2026

HB 2058: Modifies the "Show MO Act" tax credit for qualified motion media production projects

HB 2058 modifies Missouri's "Show MO Act" tax credit program to support motion media productions filmed in the state. It provides a 20% tax credit on qualifying expenses for eligible projects (e.g., films, video games, VR content) that meet minimum spending thresholds ($50,000 for short projects, $100,000 for longer ones) and include Missouri credit statements. Additional 5% credits apply for filming at least 50% in Missouri and an extra 5% for filming 15% in rural or blighted areas. The credit reduces Missouri income tax liability for qualifying production companies, excluding news, political ads, infomercials, and other specified exclusions. This policy directly affects production companies creating eligible media content in Missouri.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax credit program to incentivize motion media production, directly advancing tax incentive policy under Budget & Taxes topic.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Missouri · Senate Jan 27, 2026

SJR 80: Modifies provisions relating to tax credits

SJR 80 proposes a constitutional amendment allowing Missouri's legislature to create an income tax credit for donations to organizations supporting pregnant individuals, new mothers, and families - including nonprofit pregnancy resource centers. The bill explicitly prohibits tax credits for contributions to entities that perform, induce, or refer for abortions, or that advertise such services. This amendment would directly affect taxpayers who donate to qualifying pregnancy support organizations, as it would enable them to claim a state tax credit. The measure requires voter approval in 2026 and does not create new tax credits itself, only authorizing the legislature to do so through future laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables tax credit for donations to pregnancy support orgs, providing tax relief. Explicitly modifies tax credit provisions per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Missouri · House Mar 25, 2026

HB 2588: Establishes the "Missouri Disabled Veterans Homestead Tax Credit Act", authorizing counties to adopt a real property tax credit for certain disabled veterans who own a homestead

HB 2588 creates the "Missouri Disabled Veterans Homestead Tax Credit Act," allowing Missouri counties to offer a real property tax credit to eligible disabled veterans who own their primary residence. It directly affects veterans with a 100% permanent and total service-connected disability rating from the U.S. Department of Veterans Affairs, whose primary home has a market value of $500,000 or less. The credit equals all local property taxes paid (excluding state blind pension fund levies) on the qualified residence, is non-refundable, and carries over to a surviving spouse who remains in the home and doesn't remarry. Counties must adopt the program, and veterans must elect to participate; it does not reduce assessed property value or affect bonded indebtedness calculations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax credit reducing burden for disabled veterans, aligning with tax relief for lower-income groups per topic indicators.92% confidence ✓ VeteransSupports VeteransCreates tax credit for disabled veterans' homesteads, reducing property tax burden for veterans with 100% VA disability rating95% confidence

Sub-Topics Pensions Property Tax Tax Credits Veteran Healthcare Veteran Housing

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in committee · Missouri · House Mar 31, 2026

HB 2457: Modifies provisions related to the "Donated Food" food pantry tax credit

HB 2457 creates a Missouri state tax credit for taxpayers donating food or cash to qualified food pantries, soup kitchens, homeless shelters, or food banks. Donors receive a 50% credit for donations to pantries/soup kitchens/homeless shelters (effective 2013/2018) and a 70% credit for food banks (effective 2026), with annual credit limits of $1.75 million until 2025 and higher caps afterward. Taxpayers must verify donations, claim no more than $2,500 annually, and donate food before expiration. The credit applies only to Missouri-based 501(c)(3) organizations providing food or shelter services to low-income residents.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits reducing donor tax liability, aligning with tax relief policies. Explicitly addresses taxation and tax credits per bill summary.95% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House May 15, 2026

HB 2615: Authorizes a tax credit to offset amounts paid on firearm safety items

HB 2615 allows Missouri individual taxpayers to claim a state income tax credit for purchases of approved firearm safes or safety devices (like trigger locks), up to $500 per tax year. The credit directly affects residents who buy these items for personal use, offsetting their state income tax liability - up to the amount owed - without carryover to future years. The bill caps total annual credits at $500,000 and expires after six years unless renewed by the legislature. It defines "approved" items through joint rules by the Public Safety and Revenue departments, requiring receipts for verification.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state tax liability for firearm safety purchases, aligning with tax relief indicators for eligible residents.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Missouri · Senate Jan 28, 2026

SB 1091: Authorizes a child tax credit

Based solely on the provided information, a detailed summary cannot be generated. The bill's official abstract ("Authorizes a child tax credit") and recent actions (prefiled, committee referral) do not specify: - Who qualifies for the credit (e.g., income thresholds, age limits) - The credit amount or funding mechanism - Key provisions or implementation details Without these concrete policy elements, a factual summary meeting the requested criteria is not possible. The bill appears to be in early stages with no public details available in the provided context.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes child tax credit, a form of tax relief for families, directly advancing tax policy reform in Budget & Taxes without ambiguity.95% confidence

Sub-Topics Sales Tax Tax Credits

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in committee · Missouri · House Mar 31, 2026

HB 1782: Removes the sunset provisions of the "Donated Food" food pantry tax credit

HB 1782 permanently extends Missouri's tax credit for donations to food pantries, homeless shelters, and soup kitchens by removing the bill's prior expiration date (December 31, 2026). Taxpayers who donate cash or food to qualifying 501(c)(3) organizations serving low-income communities can claim a 50% credit on donation value, capped at $2,500 annually per taxpayer. The credit applies only to donations made to local organizations operating in the donor's area, with no changes to existing eligibility rules or credit limits. This update ensures the program continues indefinitely without requiring annual legislative renewal.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit for food pantry donations, providing tax relief to donors supporting low-income services through permanent removal of sunset provision.90% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House May 15, 2026

HB 1774: Authorizes a tax credit for certain charitable donations to local hospital foundations

HB 1774 creates a Missouri state income tax credit for individuals who donate to qualifying local hospital foundations. It allows taxpayers to claim a credit equal to 50% of their donation amount (capped at $2,500 annually per taxpayer), provided the foundation is a 501(c)(3) organization that provides financial relief for unpaid hospital bills in the donor’s area. The credit is non-refundable, cannot exceed total state income tax liability, and has a $2 million annual cap across all taxpayers. This policy directly affects Missouri residents who pay state income tax and make qualifying donations to hospital foundations, aiming to incentivize charitable support for community healthcare access.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state revenue, providing tax relief for charitable donations to hospitals, aligning with tax relief indicators.92% confidence ✓ HealthcareSupports HealthcareIncentivizes donations to hospital foundations providing financial relief for unpaid bills, strengthening hospital funding and patient access to care.90% confidence

Sub-Topics Income Tax Tax Credits Hospitals

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in committee · Missouri · House May 15, 2026

HB 2038: Authorizes the "Missouri Homestead Preservation Tax Credit Program" and implements a homestead exemption for certain individuals

HB 2038 creates a property tax exemption program for Missouri homeowners aged 65 or older who live in their primary residence and have a household income of $125,000 or less (adjusted annually for inflation). Starting in 2027, eligible homeowners will receive a 100% exemption on property taxes for their homestead, meaning they pay no tax on their primary residence after other exemptions are applied. To qualify, individuals must reapply annually, and the exemption replaces all other homestead-related property tax credits or relief programs. This program directly affects low-to-moderate income seniors owning their primary home in Missouri.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for seniors with modest incomes ($125k household), directly reducing tax burden under homestead program, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingBill provides property tax exemption for elderly homeowners (65+), reducing housing costs and increasing affordability for a specific group, directly supporting 'affordable housing' in topic description.90% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Historic Preservation Property Taxes

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in committee · Missouri · House May 15, 2026

HB 2616: Modifies provisions relating to the "Missouri Working Family Tax Credit Act" and makes the tax credit refundable

HB 2616 modifies Missouri's Working Family Tax Credit Act to make the tax credit refundable starting in 2027. This means eligible taxpayers who owe less state income tax than their credit amount will receive the difference as a refund, rather than losing it. The credit equals 10% of the federal Earned Income Tax Credit (EITC) for 2023, with a potential increase to 20% if Missouri's state revenue grows by at least $150 million over previous fiscal years. The bill also requires the state to proactively identify and notify eligible taxpayers who didn't apply for the credit, using data from federal and state tax records.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes tax credit refundable for low-income families, providing direct financial relief through expanded tax credit access under Missouri Working Family Tax Credit Act.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMakes tax credit refundable, increasing financial support for low-income workers via expanded EITC-based credit, directly advancing worker benefits.95% confidence

Sub-Topics Income Tax Revenue Tax Credits

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