Budget & Taxes (Tax Credits)

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.