Budget & Taxes (Tax Credits)

The provided context does not include sufficient details about SB 1406's content, provisions, or affected parties. The official abstract merely repeats the bill's title without describing its specific mechanisms or policy changes. Recent actions (prefiling and first reading) indicate it is early in the legislative process but do not explain its substance. Without additional information on what the bill proposes, a factual summary cannot be generated.

Based solely on the provided context, a detailed summary of SB 869's specific provisions cannot be generated. The bill's title and abstract only state it "establishes" the Revitalizing Missouri Downtowns and Main Streets Act, but no concrete mechanisms, affected groups, or policy details are included in the available information. The recent committee actions (prefiling, hearings, "Do Pass" vote) indicate legislative progress but do not describe the bill's actual content. To provide the requested summary, specific bill language or a detailed summary describing its provisions would be needed.

SB 1563 - This act establishes the Missouri Angel Investment Incentive Act. For all tax years beginning on or after January 1, 2027, this act allows an investor, as defined in the act, to claim a tax credit in an amount equal to forty percent of the investor’s investment in the qualified securities of a qualified Missouri business, as defined in the act, or fifty percent of the investor's investment if the qualified Missouri business is located in a rural county, as defined in the act. If the amount of the tax credit exceeds the investor’s tax liability in any one tax year, the credit may be carried forward for up to five subsequent tax years. No investor shall receive more than seventy-five thousand dollars in tax credits in a single year for contributions to a single qualified Missouri business, and shall not receive more than three hundred thousand dollars in tax credits in total in a single tax year. A tax credit may be transferred by a qualified investor. The total amount of tax credits authorized in a single tax year by the Missouri Technology Corporation (MTC) shall not exceed six million dollars for the 2027 and 2028 calendar years. Thereafter, the maximum amount of tax credits that may be authorized shall be increased annually by 20%, provided that the maximum amount of tax credits was authorized in the previous year. To be designated as a qualified Missouri business, a business shall apply to the MTC, as described in the act. The designation of a business as a qualified Missouri business shall be made annually by the MTC. In addition to other requirements described in the act, a qualified Missouri business shall not have had annual gross revenues of more than five million dollars in the most recent tax year of the business, and the business shall not have been in operation longer than five years if the business is not a bioscience business, or longer than ten years if the business is a bioscience business. Each business that has been allocated tax credits by the MTC shall submit a report containing certain information, as described in the act, to the MTC before such tax credits are issued. The state of Missouri shall not be held liable for any damages to an investor that makes an investment in any qualified security of a qualified Missouri business, any business that applies to be a qualified Missouri business but is turned down, or any investor that makes an investment in a business that applies to be a qualified Missouri business but is turned down. The MTC shall annually review the activities undertaken by this act to ensure they are in compliance with the provisions of the act. If the MTC determines that a business is not in substantial compliance, it may inform the business that such business will lose its designation if it does not come into compliance within one hundred twenty days. If the business does not come into compliance, the MTC may revoke its designation. If a business loses its designation as a qualified Missouri business, it shall be precluded from being allocated any additional tax credits. However, investors in such a business shall be entitled to keep all of the tax credits properly issued prior to the loss of designation by the business. The MTC shall report certain information annually, as described in the act, to the Department of Economic Development, the Governor, the President Pro Tempore of the Senate, and the Speaker of the House of Representatives. This act shall sunset on December 31, 2033, unless reauthorized by the General Assembly. This act is identical to SB 1004 (2026) and HB 1845 (2026), and to provisions in HCS/HB 235 (2025), and is substantially similar to SCS/SB 461 (2025), SCS/SB 1178 (2024), HCS/HB 2226 (2024), SS/SCS/SB 413 (2023), HB 727 (2023), SB 78 (2017), and HB 2302 (2016), and to provisions in SS#2/SCS/HCS/HBs 3231 & 2531 (2026), HCS/HB 682 (2025), and HCS/SS/SCS/SB 92 (2023), as amended. JOSH NORBERG

SB 1079 - Current law authorizes a tax credit for certain motion media production projects, with $8 million per year allowed for film production, and $8 million per year allowed for series production. This act provides that, for all tax years beginning on or after January 1, 2027, a total of $16 million per year may be authorized with no specific limits for either film or series production. Additionally, the tax credit is scheduled to sunset on December 31, 2029. This act extends such date to December 31, 2035. This act is identical to HB 2196 (2026) and is substantially similar to HCS/HBs 2142 & 2058 (2026). JOSH NORBERG

HB 3260 creates Missouri's "Four For More Program," allowing parents of K-12 students to take up to four hours of paid leave annually to work at their child's public school. Employers in Missouri (with 5+ employees) who pay these parents during their school work hours can claim a tax credit covering 50% of the wages paid, up to $50,000 per business yearly. The tax credit is capped at $10 million total statewide each year and expires after six years unless renewed. The program requires schools to document parent participation and applies only to businesses subject to Missouri state income tax.

HB 3268 creates a tax credit for Missouri businesses or organizations that provide specific services to homeless individuals. Eligible entities must be certified by the Department of Economic Development as providers of employment services, direct employment (at minimum wage for 28+ hours/week), or housing (rented/leased at income-based rates). Certified providers can claim up to $10,000 annually against their state income tax, with a total annual cap of $1 million across all credits. The program expires December 31, 2032, unless renewed by the legislature.

HB 3337 creates a state tax credit for Missouri homeowners who install qualifying solar energy systems, such as solar panels and inverters, that also qualify for the federal tax credit. It allows eligible homeowners to claim a credit equal to 30% of their solar installation costs from 2027-2032, increasing to 35% in 2033 and 40% from 2034 onward. The credit is refundable (meaning it can generate a cash refund if it exceeds tax liability) but cannot be sold or transferred. The program expires on December 31, 2038, unless the Missouri legislature reauthorizes it.

HB 3477 removes annual spending limits on the "Champion for Children Tax Credit," which allows taxpayers to claim a credit for donations to qualifying child advocacy organizations (CASA, child advocacy centers, or crisis care centers). Previously, the program had cumulative caps limiting total credits issued each fiscal year ($1 million through 2019, $1.5 million through 2025, and $2.5 million through 2027). The bill eliminates these caps, enabling taxpayers to claim the credit without those annual restrictions. This change directly affects taxpayers donating to eligible child advocacy groups, making the tax credit more accessible without spending limits. The credit remains limited to 50% (or 70% after 2024) of verified contributions, with a $50 minimum and $50,000 annual maximum per taxpayer.

SB 1701 creates a Missouri state tax credit for individuals who adopt pets from animal shelters. Taxpayers can claim a credit of up to $125 per adoption (capped at two adoptions per year), based on adoption fees and associated costs. The credit requires a receipt from the shelter and expires if the adopted pet is returned, abused, or not properly cared for. The program has an annual $500,000 cap on total credits and will sunset after six years unless reauthorized.

HB 3359 creates a tax credit allowing Missouri taxpayers to reduce their state income tax by 20% of qualifying donations to STEAM or robotics programs in local K-12 schools, with a maximum annual credit of $50,000 per taxpayer. Eligible donations include cash, educational materials, or up to 200 hours of employee time per year (valued at the employee's hourly wage). The program is capped at $10 million in total credits annually, and unused credits can be carried forward for up to seven years. This initiative, set to expire after six years unless renewed, requires schools to register with the state and mandates annual reporting on program participation and costs.