HB 1845 creates the Missouri Angel Investment Incentive Act, offering tax credits to qualified investors who provide cash investments to eligible Missouri businesses. The bill directly affects accredited investors (including those meeting federal JOBS Act criteria) and "qualified Missouri businesses" approved by the Missouri Technology Corporation (MTC) as tech-focused companies operating in designated geographic regions across Missouri. Key provisions include tax credits equal to 25% of qualifying investments (up to $100,000 per investor annually) for businesses meeting location criteria - either domiciled in Missouri or primarily operating within the state. The law excludes investors who are executives, officers, or employees of the business they invest in, but allows directors to qualify for credits.
HJR 120 proposes a constitutional amendment to exempt firearms and ammunition from Missouri's state sales tax. If approved by voters in 2026, it would add a new section to Missouri's Constitution prohibiting state sales tax on these items. The amendment directly affects Missouri residents purchasing firearms or ammunition, as it would remove a tax obligation from those transactions. This change would require voter approval and amend the state constitution, not existing tax law.
SB 1485 prohibits certain professional sports entities from receiving tax credits. It directly affects professional sports teams or organizations that would otherwise qualify for state tax credit programs. The bill's key mechanism is a straightforward ban on these entities accessing existing tax credit incentives, without specifying which sports organizations are covered. This is a procedural policy change that would prevent eligible sports entities from using tax credits under current law.
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.
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.
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.
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.
HB 2152 expands sales tax exemption eligibility for material recovery processing facilities in Missouri. It modifies the definition of "material recovery processing plant" to explicitly include facilities that recover materials into usable products, as well as equipment used for collecting materials for these plants. This change directly affects businesses operating such recovery facilities by allowing them to qualify for existing sales tax exemptions on materials, equipment, and supplies used in their operations. The bill clarifies that these facilities must primarily recover materials for reuse in new products, excluding standard motor vehicles used on highways. This is a technical adjustment to existing tax law, not a new exemption.
