HB 1739 modifies Missouri's Working Family Tax Credit Act to make the state tax credit refundable for eligible low-to-moderate income residents starting in 2027. It allows qualifying taxpayers (those claiming the federal Earned Income Tax Credit) to receive a credit equal to 10% (potentially increasing to 20%) of their federal credit amount, with the refundability change applying only to tax years beginning January 1, 2027, and later. The credit percentage increase to 20% is tied to Missouri's state revenue growth exceeding prior years by $150 million. The bill also requires the state to proactively notify eligible taxpayers who didn't claim the credit and report annual usage statistics.
Based solely on the provided context, a detailed summary cannot be generated. The bill title and abstract ("Authorizes a tax credit for certain educational expenses") are too vague to identify specific affected groups, qualifying expenses, credit mechanisms, or policy changes. No additional details about the bill's scope, eligibility, or implementation are included in the abstract or recent actions. Without these concrete elements, a factual summary meeting all requested criteria cannot be provided.
HB 2089 creates a property tax exemption for Missouri veterans with service-connected disabilities, directly affecting qualifying veterans and their surviving spouses. The bill grants annual exemptions of $2,500 for veterans with 30-49% disability (certified by the VA) and $5,000 for those with 50-69% disability, applied to their primary residence valued under $250,000. Surviving spouses may qualify if the veteran died in service, was eligible but died before applying, or if the spouse receives VA dependency compensation. The exemption applies to tax years beginning January 1, 2027, and requires the veteran to own and reside in the property as their principal home.
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.
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.
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.
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.
HB 2214 creates tax incentives for Missouri companies that expand or establish manufacturing or infrastructure projects. Qualified companies can retain up to 6-7% of new payroll tax withholdings for 5-6 years (depending on business status) if they create 10+ new jobs with wages at 90% of county average, or 2+ jobs in rural areas with $100k+ capital investment. Additional tax credits of up to 6% of new payroll are available for qualifying companies, with a total annual benefit cap of 9% of new payroll. The bill also includes special provisions for large manufacturing investments ($500 million+), allowing tax credits of up to $5 million per year for qualifying companies. These incentives aim to attract job-creating projects while requiring companies to meet specific job, wage, and investment thresholds.
HB 2531 creates tax credits to incentivize converting old office buildings into residential spaces in Missouri downtowns and Main Street districts. Property owners who substantially convert qualifying office buildings (over 50% residential use) to residential or mixed-use spaces can claim a 25% tax credit on eligible renovation costs, or 30% for upper-floor housing in designated Main Street districts. The credits can be transferred multiple times and carried forward up to ten years if they exceed annual tax liability. The program is capped at $50 million annually, with 50% reserved for large buildings (>750,000 sq ft) and 25% specifically for Main Street upper-floor housing projects. It directly affects developers and property owners undertaking downtown revitalization conversions.
SB 1112 would remove sales tax on breast pump supplies, including items like bottles, shields, and storage containers. This exemption directly affects new mothers, caregivers, and families purchasing these essential products. The bill’s key provision is a specific tax exemption for these medical supplies, making them more affordable. Currently pending in the Senate Economic and Workforce Development Committee, it has not yet been enacted.
