Budget & Taxes (Economic Development)

vetoed · Missouri · House Jun 30, 2026

HB 2007: Appropriates money for the expenses, grants, refunds, and distributions of the Department of Economic Development, the Department of Commerce and Insurance, and the Department of Labor and Industrial Relations

HB 2007 is a fiscal 2026-2027 appropriations bill that allocates $9.0 million from state funds to the Department of Economic Development for its Regional Engagement Division, including funding for minority inclusion efforts and international trade offices. It also allocates $36.8 million for tax increment financing projects, such as Springfield Jordan Valley Park and Kansas City Bannister Mall, though projects must complete an application process to receive funds. The bill specifies that funds must be used solely for designated purposes, with some flexibility allowed between personal services and expenses in certain sections. This bill provides necessary funding for existing economic development programs without creating new laws or policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $9M for economic development and $36.8M for tax increment financing projects, directly funding state budget initiatives to promote economic growth and fiscal management.95% confidence

Sub-Topics Appropriations State Budget Tax Incentives Tags Economic Development

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in committee · Missouri · House Mar 12, 2026

HB 2654: Creates tax credits for certain capital investments

HB 2654 creates tax credits for companies making new capital investments in the state, directly affecting businesses planning significant projects. To qualify, a company must commit to spending at least $50 million on new investments within two years, with credits covering up to 2.5% of that investment over a three-year period. Companies must submit a notice of intent, provide annual reports on jobs created and investment details, and cannot use these credits for projects already covered by other programs. Data storage centers are explicitly excluded from eligibility under this bill.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credits for large businesses ($50M+ investments), reducing state revenue; aligns with 'tax breaks primarily for wealthy' indicator.85% confidence

Sub-Topics Business Taxes Debt & Bonds Tax Incentives Tags Economic Development

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in committee · Missouri · House Apr 29, 2026

HB 3095: Modifies a provision relating to a tax credit for new business facilities

HB 3095 modifies tax credit eligibility for new business facilities, specifically affecting headquarters facilities. It extends the cutoff for eligibility from 2031 to 2041 for headquarters facilities to receive incentives under sections 135.100-135.150. The bill also allows headquarters expansions meeting minimum thresholds (25+ new employees and $1 million+ investment) to count as separate new facilities for credit purposes. Additionally, it clarifies that multiple noncontiguous buildings within the same county or municipality count as a single facility for eligibility.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExtends tax credits for business facilities, reducing state tax revenue and weakening budget management.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development

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in committee · Missouri · House May 15, 2026

HB 2883: Modifies the provisions of the "Show-Me Sports Investment Act"

HB 2883 modifies Missouri's "Show-Me Sports Investment Act" to govern state funding for professional sports facilities. It allows the state to provide financial assistance (up to the facility's baseline tax revenues annually) to MLB or NFL teams for new or upgraded athletic venues with seating over 30,000, requiring projects to cost at least $500 million. The bill restricts funding to exclude tax revenues from the 2026 FIFA World Cup in specific counties and caps state spending at 50% of project costs via bonds over a 30-year period. This directly affects professional sports franchises seeking state support for facility development in Missouri.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill directs tax revenues to sports facilities (MLB/NFL), creating tax expenditure for wealthy entities, aligning with oppose indicator of favoring wealthy tax breaks.90% confidence

Tags Economic Development

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in committee · Missouri · House May 15, 2026

HB 2955: authorizes a tax credit for providing services to homeless persons

HB 2955 creates a Missouri tax credit for businesses and organizations providing services to homeless individuals. Eligible taxpayers (such as job training agencies, employment providers, or housing organizations) can claim up to $10,000 annually in income tax credits for services like job training, employment (28+ hours/week at minimum wage), or housing support specifically for homeless persons. Certification by the Department of Economic Development is required, with annual renewal, and credits are non-refundable but carry forward for up to three years. The total annual credit amount is capped at $1 million. This bill directly affects service providers who meet the certification criteria, not homeless individuals themselves.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for homeless services, providing tax relief to businesses incentivizing public service provision and supporting economic development funding.95% confidence ✓ Criminal JusticeSupports Criminal JusticeProvides housing/job training for homeless, reducing recidivism potential through rehabilitation-focused services.80% confidence ✓ HousingSupports HousingBill provides tax credit for housing support services to homeless persons, directly advancing affordable housing for vulnerable population through funding incentives.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for job training/employment services (28+ hrs/wk at minimum wage) for homeless individuals, advancing workforce participation and employment standards.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Affordable Housing Homelessness Housing Finance Minimum Wage Professional Licensing Workforce Development Tags Economic Development

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in committee · Missouri · House May 15, 2026

HB 2143: Modifies provisions relating to incentives for interstate business relocation and authorizes DED to determine clawback provisions for the state and political subdivisions

HB 2143 modifies Missouri's tax credit rules for businesses relocating between border counties in Missouri and Kansas. It authorizes Missouri's Department of Economic Development (DED) to reclaim tax credits or incentives if Kansas restricts similar incentives for jobs moving from Missouri border counties to Kansas border counties (Johnson, Miami, or Wyandotte County in Kansas). The bill requires DED to formally certify Kansas' actions to Missouri's governor and legislature, triggering the clawback process only after unanimous legislative affirmation. This measure directly affects businesses and economic development programs operating across the Missouri-Kansas border, creating a reciprocal incentive system based on each state's policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes clawback of tax credits if Kansas restricts incentives, protecting state revenue from loss through fiscal accountability measures.92% confidence

Sub-Topics Tax Credits Tax Incentives Tags Economic Development

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in committee · Missouri · House Feb 26, 2026

HB 1845: Establishes the Missouri Angel Investment Incentive Act

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.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax credits to accredited investors, reducing state revenue; aligns with tax breaks for wealthy, opposing fiscal responsibility in budget management.90% confidence ✓ TechnologySupports TechnologyBill provides tax credits to investors funding tech-focused businesses approved by MTC, directly incentivizing investment in technology sector development.90% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

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in committee · Missouri · House May 15, 2026

HB 1777: Modifies categories of recipients that participate in tax increment financing

HB 1777 modifies how property tax increases in redevelopment zones are allocated under tax increment financing (TIF) in Missouri. It directly affects municipalities using TIF to fund redevelopment projects, specifying that property tax increases above baseline values (the "increment") must be redirected to pay redevelopment costs. Key changes include requiring consent from taxing districts before redirecting revenue from voter-approved tax rate hikes, and clarifying that certain tax increases (like those from new levy rates) won’t automatically fund TIF without agreement. The bill also ensures that property valuation increases used for TIF won’t affect state school funding calculations until redevelopment costs are fully paid.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill redirects tax increment revenue to redevelopment costs with consent requirements, promoting fiscal responsibility in tax allocation for budget management.95% confidence

Sub-Topics Property Tax Tax Incentives Tags Economic Development

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