SB 1535 establishes a property tax credit for Missouri disabled veterans who own and occupy their primary residence. The bill directly affects qualifying disabled veterans by reducing their annual property tax liability. Key provisions create a specific tax credit amount (to be determined by the bill's final text) that lowers the total property tax owed on a veteran's homestead. This policy change provides direct financial relief for disabled veterans through the state property tax system.
HB 3118 modifies tax credit rules for business contributions to community programs. It allows up to 70% tax credits for donations to approved programs in small communities (under 15,000 residents) or distressed areas, with an annual cap of $6 million. Special provisions apply to affordable housing investments in distressed communities, offering up to 55% tax credits under separate annual limits. The bill affects businesses and financial institutions making qualifying contributions, excluding normal business activities like banking or insurance operations.
HB 2923, titled the "Homestead Improvement Property Tax Relief Act," would exempt qualifying improvements to a homeowner's primary residence (homestead) from real property taxation. This bill directly affects homeowners who make eligible improvements, such as renovations or additions, to their primary residence. The key mechanism is that these qualifying improvements would be excluded from the taxable value of the property, potentially lowering annual property tax bills. The exemption applies to improvements meeting criteria defined in the bill, though specific details of qualifying improvements are not outlined in the provided context.
HB 2646 creates a Missouri tax credit for interest paid on new vehicle loans for qualifying cars, SUVs, trucks, or motorcycles assembled in Missouri and purchased after 2025. It directly affects Missouri residents who bought such new vehicles for personal use and paid loan interest, allowing them to claim a credit equal to the interest paid (up to $10,000 per year) against their state income tax. The credit phases out for taxpayers earning over $100,000 ($200,000 for joint filers) and excludes loans for commercial vehicles, leases, salvage-title vehicles, or loans to relatives. The credit expires after 2029 unless renewed by the legislature.
HB 3027, the Missouri Defense and Energy Independence Act, creates new sales tax exemptions for businesses producing critical materials (like metals for defense tech) and critical pharmaceuticals. It exempts purchases of materials, equipment, and energy used in manufacturing these items, as well as defense contractors' purchases under federal contracts and large-scale industrial laundries. The bill also exempts construction costs for nuclear security enterprises in cities over 400,000 population, with this exemption expiring August 28, 2034. These tax breaks directly benefit manufacturers and defense-related businesses in Missouri.
HB 2002 is Missouri's 2026-2027 state budget for public education, allocating over $4.28 billion to fund public school operations through the School Foundation Program. It directly affects all Missouri public school districts, child care facilities providing pre-K programs, and the State Board of Education, with specific funding for classroom instruction, transportation, small schools, and voluntary open enrollment. Key provisions include $7.5 million for open enrollment programs (requiring receiving districts to receive state adequacy payments), $16.2 million for pre-K grants prioritizing low-income children, and strict rules prohibiting use of student data for marketing. The bill transfers funds from multiple state accounts, including General Revenue, Lottery Proceeds, and Sports Wagering for Education, to support these education programs during the 2026-2027 fiscal year.
HB 3080 modifies Missouri’s historic preservation tax credit program to increase incentives for rehabilitating historic properties. It offers a 35% tax credit for eligible properties in qualifying counties (non-urban areas with high poverty rates), historic schools, or theaters, compared to a 25% credit for other properties. To qualify, rehabilitation costs must exceed 50% of the property’s basis and meet federal Secretary of the Interior standards. The bill also sets a $90 million annual cap on tax credits for non-poverty-area projects and allocates an additional $30 million yearly for projects in high-poverty census tracts.
HB 2869 creates the "Missouri Disabled Veterans Homestead Tax Credit Act," allowing Missouri counties to offer a property tax credit for eligible disabled veterans who own their primary residence. The credit covers up to 100% of real property taxes on a homestead valued at $500,000 or less, for veterans with a 100% permanent and total service-connected disability rating from the U.S. Department of Veterans Affairs. Counties must vote to adopt the program (opt-in), and veterans must own the home as their primary residence (not exceeding five acres) to qualify. The credit is non-refundable, non-transferable, and does not apply if the veteran rents part of the property or qualifies for other tax relief.
HB 3025 requires public school districts and qualifying charter schools (those serving 40%+ students from households earning ≤185% of federal poverty guidelines) to provide free tampons and sanitary napkins ("period products") in all restrooms of middle and high schools (grades 6-12) starting July 1, 2027. The state will cover all costs using dedicated funding for the Department of Elementary and Secondary Education. This directly affects schools meeting the income threshold, ensuring no-cost access to period products for students. The bill mandates physical availability in school restrooms without requiring student requests or fees.
HB 3037 modifies Missouri's tax credit program for donations to scholarship organizations, allowing taxpayers to claim a 100% credit for contributions (up to 50% of their state tax liability) toward scholarships. The bill sets a $75 million annual cap on total credits, adjusted yearly based on state education funding changes, with unused credits carryable forward for up to four years. Donors cannot designate which student receives a scholarship, and the program activates only when transportation funding meets specific thresholds tied to 2021 levels. This affects taxpayers donating to educational assistance organizations seeking to fund student scholarships through state tax incentives.
