Budget & Taxes (Tax Incentives)

in committee · Missouri · Senate Jan 27, 2026

SJR 75: Places limits on increases of the assessment of certain properties

This bill (SJR 75) has a very limited description in the provided context, stating only that it "places limits on increases of the assessment of certain properties." The official abstract and summary offer no specific details about which properties are affected, the nature of the limits (e.g., percentage caps, timeframes), or the mechanism for implementation. Without additional information on the bill's provisions or scope, a substantive summary of its policy changes cannot be provided. The context indicates it is a Senate Joint Resolution (SJR) currently in early procedural stages (prefiled, first reading).

Topics ✓ Budget & TaxesSupports Budget & TaxesLimits property assessment increases, typically providing tax relief for affected owners, aligning with support indicators.85% confidence

Sub-Topics Property Tax State Budget Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SB 1191: Exempts certain families from income tax

SB 1191, titled the "Next Generation Family Act," exempts Missouri taxpayers with three or more children (who qualify for federal dependency exemptions) from state income tax starting in 2027. It directly affects families meeting this federal dependency threshold, regardless of the federal exemption amount. The bill requires the state Department of Revenue to create implementing rules, but the core change is a state tax exemption for qualifying households. This policy modifies the state income tax structure for eligible families beginning with tax years after 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts qualifying families (three+ children) from state income tax, providing direct tax relief aligned with middle/lower income support indicators.95% confidence

Sub-Topics Income Tax Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 15, 2026

SB 1036: Modifies the Missouri Works program

SB 1036 modifies Missouri's Missouri Works program, which provides tax incentives to businesses creating jobs. It redefines key terms like "average wage" (calculated using payroll and hours worked) and "county average wage" (using state data, with adjustments for relocating employees from higher-wage counties requiring community endorsements). The bill also specifies that "full-time employees" must work 35+ hours weekly and receive health insurance, and clarifies that "new capital investment" includes costs after program approval. These changes aim to standardize eligibility criteria and wage calculations for businesses seeking program benefits. The bill is currently under review by the Senate Government Efficiency Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax incentive program (Missouri Works) to encourage business job creation, advancing tax policy for economic development.90% confidence ✓ HealthcareSupports HealthcareMandates health insurance for full-time employees under Missouri Works program, expanding coverage requirements for business incentives.85% confidence

Sub-Topics Tax Incentives Insurance

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in committee · Missouri · House May 15, 2026

HB 1739: Modifies provisions relating to the "Missouri Working Family Tax Credit Act", making the tax credit refundable

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes tax credit refundable for low-to-moderate income residents, providing direct tax relief via 10-20% of federal EITC starting 2027.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMakes tax credit refundable for low-income workers, expanding financial support and increasing disposable income for qualifying residents under the Working Family Tax Credit Act.95% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SB 1163: Authorizes a tax credit for certain educational expenses

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax credit for educational expenses provides tax relief, aligning with support indicators for middle/lower income tax relief without specified exclusions.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · Missouri · House Apr 1, 2026

HB 2089: Authorizes the "Missouri Disabled Veterans Homestead Exemption"

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemptions for disabled veterans, reducing their tax burden and aligning with tax relief indicators for lower-income groups.90% confidence ✓ VeteransSupports VeteransCreates property tax exemptions ($2.5k-$5k) for disabled veterans with service-connected disabilities, directly expanding financial benefits and reducing tax burden for qualifying veterans and surviving spouses.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits Veteran Healthcare Veteran Housing

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in committee · Missouri · House May 15, 2026

HB 2527: Establishes a tax credit for certain newspaper printing plants

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for newspaper printing plants, reducing tax burden on qualifying businesses and incentivizing local employment in a public information sector.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

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in committee · Missouri · House May 15, 2026

HJR 138: Proposes a constitutional amendment relating to property tax exemptions for certain disabled veterans

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for disabled veterans, reducing tax liability for this group. Direct tax relief alignates with support criteria for fiscal policy.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for disabled veterans with 100% VA disability rating and surviving spouses, directly strengthening financial benefits for veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits

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in committee · Missouri · House May 14, 2026

HB 2243: Modifies provisions relating to local sales tax exemptions

HB 2243 modifies Missouri's local sales tax law by adding specific exemptions for certain businesses and materials. It exempts tax on items like electrical energy, gas, water, machinery, and chemicals used in manufacturing, processing, mining, or research. The bill also creates new exemptions for defense contractors, broadcasters, large commercial laundries (processing over 500 lbs/hour), and construction materials for nuclear security enterprises in major cities (with a 2034 expiration date). These changes directly affect businesses in manufacturing, defense, broadcasting, and large-scale laundry operations by reducing their sales tax burden on qualifying purchases.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill adds tax exemptions for businesses (manufacturing, defense, etc.), reducing state revenue and weakening tax base per fiscal management indicators.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 15, 2026

SB 1044: Authorizes a tax credit for providing services to homeless persons

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for homeless service providers, reducing tax liability to fund essential services through fiscal incentives.85% confidence ✓ HousingSupports HousingAuthorizes tax credits for nonprofits providing homeless services (shelter, meals, case management), directly funding housing assistance for vulnerable populations.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Homelessness Property Development

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