Budget & Taxes (Tax Incentives)

died · Missouri · House Jan 7, 2026

HB 2295: Modifies provisions relating to tax credits

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases business tax credits for community contributions in distressed areas, providing tax relief and directing funds toward local economic development through targeted fiscal incentives.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · Missouri · House Jan 15, 2026

HJR 132: Proposes a constitutional amendment that exempts buildings under construction from property taxation

HJR 132 proposes a constitutional amendment to exempt buildings under construction from property taxes. Specifically, it would exempt structures classified as "class 1 property" that are not yet usable for their intended purpose due to ongoing construction. This change would directly affect property owners and developers building new commercial or residential structures. The amendment requires voter approval through a constitutional referendum, as outlined in the bill's text.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts construction properties from property tax, reducing government revenue. Directly weakens tax base for state/local budgets.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 2214: Modifies tax incentives for qualified companies to promote industrial manufacturing and infrastructure projects

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly creates new tax incentives (6-7% payroll tax retention) for manufacturing/infrastructure projects, directly advancing tax incentive policy as a core component of Budget & Taxes.95% confidence

Sub-Topics Tax Incentives

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in committee · Missouri · House Mar 4, 2026

HB 2531: Establishes the "Revitalizing Missouri Downtowns and Main Streets Act"

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for property owners to incentivize downtown redevelopment, directly advancing tax incentive policy under Budget & Taxes.95% confidence ✓ HousingSupports HousingBill provides tax credits to convert office buildings to residential use, increasing housing supply in downtowns and Main Streets districts.95% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Community Development Historic Preservation

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in committee · Missouri · Senate Jan 15, 2026

SB 1112: Authorizes a sales tax exemption for breast pump supplies

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief on essential medical supplies, making products more affordable for families, aligning with support indicators for lower-income tax relief.90% confidence ✓ HealthcareSupports HealthcareRemoves sales tax on breast pump supplies, improving affordability and access to essential maternal healthcare products.90% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 8, 2026

SB 845: Authorizes a tax credit for contributions to certain youth police initiatives

SB 845 authorizes a tax credit for businesses and individuals who contribute to certain youth-focused police initiatives. Donors would receive a state income tax reduction equal to their contribution amount. The credit applies only to contributions made to specific programs defined in the bill, such as community outreach or mentorship efforts. This policy change directly affects taxpayers who fund these community safety programs by reducing their tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax credit reducing taxpayer liability for contributions to youth police initiatives, providing direct tax relief per summary.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill provides tax credit funding for youth police initiatives (community outreach/mentorship), directly advancing community safety programs aligned with criminal justice reform goals.90% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives Policing

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in committee · Missouri · Senate Jan 15, 2026

SB 1138: Exempts certain professions from income tax

SB 1138 would exempt specific professions from paying state income tax. It directly affects individuals working in those designated professions by removing their income tax liability. The bill's key provision is a change to the state tax code to exclude certain professional income from taxable earnings. This is a substantive policy change currently pending before the Senate Economic and Workforce Development Committee. The bill's exact scope of professions is not specified in the available abstract.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts professions from income tax, reducing state revenue and weakening tax base.90% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Tags Licensing

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in committee · Missouri · House May 15, 2026

HB 2467: Authorizes counties to adopt a real property tax exemption for taxpayers sixty-two years of age and older who own a homestead

HB 2467 would allow Missouri counties to create a property tax exemption for homeowners aged 62 or older who live in their primary residence (homestead). To qualify, individuals must own the property, use it as their main home, and pay the associated taxes. Counties would need to adopt a local ordinance to implement the exemption, which would cover 100% of the homestead’s tax bill starting in 2027. This exemption cannot be transferred, and recipients cannot also claim other property tax benefits or credits under state law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesTax exemption reduces county revenue, weakening fiscal management by decreasing tax base without offsetting funding.90% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 15, 2026

SB 1096: Authorizes a sales tax exemption for certain property sold at auction

SB 1096 would authorize a sales tax exemption for specific property sold at auction. It directly affects sellers and buyers of qualifying property (like personal property or certain real estate) during auction sales. The key provision removes the requirement to pay state sales tax on these qualifying auction transactions. This bill focuses on changing the tax treatment for these sales without altering broader tax structures. (Note: The bill is currently in committee review and has not yet passed.)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for qualifying auction sales, reducing sales tax burden per its summary, aligning with tax relief indicator.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SJR 77: Authorizes a property tax exemption for disabled veterans

SJR 77 is a Senate Joint Resolution proposing a property tax exemption for disabled veterans. It would authorize the state to exempt qualifying disabled veterans from paying property taxes on their primary residence. This resolution is currently in early stages (prefiled and first read) and would require further legislative approval to become law. It does not currently change tax policy but proposes a new exemption for disabled veterans if enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes property tax exemption for disabled veterans, providing targeted tax relief to a specific group, aligning with tax relief indicators.90% confidence ✓ VeteransSupports VeteransProposes property tax exemption for disabled veterans, directly expanding financial benefits and reducing costs for this group.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives Veteran Benefits Veteran Education Veteran Healthcare Tags People with Disabilities

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