SB 1209 authorizes a 50% tax credit against Missouri state tax liability for qualifying newspaper printing plants based on wages paid to pressroom and mailroom staff. The credit applies to businesses headquartered in Missouri that derive most revenue from printing newspapers for public distribution, with annual credits capped at $7 million. Unused credits can be refunded or transferred, and the program expires automatically six years after implementation unless renewed by the legislature. This bill directly supports newspaper printing operations by reducing their state tax burden through wage-based incentives.
SB 864 creates two new tax credit programs for Missouri businesses. First, it provides a $5 per ton tax credit for wood energy producers using Missouri forest residue to make processed wood products, valid for five years with a $6 million annual cap and expiring after 2028. Second, it establishes a 25% tax credit (up to $75,000 annually per facility) for small meat processing facilities (employing fewer than 500 people total) to cover modernization or expansion costs like equipment, building upgrades, or waste management systems, with a $2 million annual statewide cap. Both credits reduce state tax liability but are non-refundable and require applications to the state authority. The bill replaces prior tax credit provisions and sets specific expiration dates for all new credits.
SB 961 modifies Missouri's Historic Preservation Tax Credit by increasing the credit rate to 35% for rehabilitation of eligible historic properties in qualifying counties or for historic schools/theaters, up from 25% for standard projects. It requires rehabilitation costs to exceed 50% of a property’s value and aligns with federal Secretary of the Interior standards. The bill also establishes a $90 million annual cap on tax credits, with $30 million specifically reserved for projects in qualified census tracts (areas with high poverty rates). These changes aim to incentivize historic preservation in rural and economically disadvantaged communities while streamlining the credit application process under the "Missouri Historic, Rural Revitalization, and Regulatory Streamlining Act." The provisions take effect for projects beginning July 1, 2026.
This bill modifies Missouri's tax credit program for contributions to educational assistance organizations (EAOs). It allows taxpayers to claim a 100% credit for donations made after August 2021, capped at 50% of their state tax liability, with an annual $75 million limit adjusted yearly based on school district funding changes. Credits are allocated on a first-come, first-served basis, and taxpayers cannot designate specific students for scholarships. The law directly affects donors to EAOs and the organizations themselves, ensuring credits are used within the annual cap without transferability or refunds.
HB 1882 creates a state tax credit allowing taxpayers to claim 100% of contributions made to eligible non-profit organizations running youth police initiatives in urban areas (as defined by the U.S. Census Bureau). The credit applies to tax years starting January 1, 2027, and is non-refundable but can be carried forward for up to five years or transferred/sold. The total annual credit amount is capped at $500,000, and the Missouri Department of Public Safety must maintain an annual list of eligible organizations on its website. The program expires automatically six years after enactment unless reauthorized by the legislature.
HB 2345 creates tax credits for Missouri taxpayers who donate to domestic violence shelters or rape crisis centers. Businesses and individuals can claim a 50% tax credit for donations before July 1, 2022, and 70% after, up to $50,000 annually per taxpayer. The bill limits total annual credits to $2 million before 2022 (no limit after), requires donations of at least $100 to qualify, and includes a $1,000 credit for converting abandoned property into shelters starting in 2027. It directly affects taxpayers making qualifying donations and shelters classified by the Department of Social Services.
HB 1735 creates a tax credit for homeowners and developers renovating or building properties in designated National Register historic districts. It provides a 15% credit against Missouri state income tax (up to $40,000 per new residence) for eligible costs like renovations, construction, or site preparation, excluding costs covered by other grants. To qualify, properties must be owner-occupied or for sale at market rate, at least 40 years old, located in areas with median household income below 90% but above 70% of regional averages, and not in flood zones. The credit excludes costs for properties replacing historic structures or in distressed communities, and requires properties to be in designated historic districts.
