Budget & Taxes

in committee · Missouri · Senate Jan 27, 2026

SJR 89: Modifies provisions relating to property tax assessments

This proposed constitutional amendment would change Missouri's property tax rules for primary residences. Starting January 1, 2027, homeowners maintaining their main residence would keep their previous tax assessment value, preventing annual increases unless they make major improvements like new construction. This specifically affects residential property owners (Class 1, Subclass 1) but leaves agricultural, commercial, and other property classes under separate tax rules. The amendment aims to stabilize property tax bills for long-term homeowners by freezing reassessment values unless significant changes occur to the property.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill freezes property tax assessments for primary residences starting 2027, preventing annual increases and providing tax relief for homeowners, a key tax support measure.90% confidence

Sub-Topics Property Tax

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in committee · Missouri · House May 15, 2026

HB 2616: Modifies provisions relating to the "Missouri Working Family Tax Credit Act" and makes the tax credit refundable

HB 2616 modifies Missouri's Working Family Tax Credit Act to make the tax credit refundable starting in 2027. This means eligible taxpayers who owe less state income tax than their credit amount will receive the difference as a refund, rather than losing it. The credit equals 10% of the federal Earned Income Tax Credit (EITC) for 2023, with a potential increase to 20% if Missouri's state revenue grows by at least $150 million over previous fiscal years. The bill also requires the state to proactively identify and notify eligible taxpayers who didn't apply for the credit, using data from federal and state tax records.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes tax credit refundable for low-income families, providing direct financial relief through expanded tax credit access under Missouri Working Family Tax Credit Act.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMakes tax credit refundable, increasing financial support for low-income workers via expanded EITC-based credit, directly advancing worker benefits.95% confidence

Sub-Topics Income Tax Revenue Tax Credits

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in committee · Missouri · Senate Jan 15, 2026

SB 1036: Modifies the Missouri Works program

SB 1036 modifies Missouri's Missouri Works program, which provides tax incentives to businesses creating jobs. It redefines key terms like "average wage" (calculated using payroll and hours worked) and "county average wage" (using state data, with adjustments for relocating employees from higher-wage counties requiring community endorsements). The bill also specifies that "full-time employees" must work 35+ hours weekly and receive health insurance, and clarifies that "new capital investment" includes costs after program approval. These changes aim to standardize eligibility criteria and wage calculations for businesses seeking program benefits. The bill is currently under review by the Senate Government Efficiency Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax incentive program (Missouri Works) to encourage business job creation, advancing tax policy for economic development.90% confidence ✓ HealthcareSupports HealthcareMandates health insurance for full-time employees under Missouri Works program, expanding coverage requirements for business incentives.85% confidence

Sub-Topics Tax Incentives Insurance

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in committee · Missouri · House May 15, 2026

HB 2360: Authorizes charter counties and counties with an alternative form of government to establish alternative methods for property assessment and taxation

HB 2360 allows charter counties and counties with alternative government structures in Missouri to create their own property assessment and tax systems. It permits these counties to adjust how often properties are valued, set limits on value changes based on inflation or population, and determine tax calculation methods - while still following state constitutional tax uniformity rules. Counties can also require transparency measures like efficiency audits before seeking tax increases. The bill requires counties using these options to report their methods and impacts annually to the state tax commission and auditor. This directly affects eligible counties and their taxpayers by giving local governments more flexibility in managing property tax policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables counties to implement transparent tax systems with efficiency audits before increases, promoting fiscal responsibility per topic indicators.85% confidence

Sub-Topics Property Tax

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in committee · Missouri · House May 15, 2026

HB 1739: Modifies provisions relating to the "Missouri Working Family Tax Credit Act", making the tax credit refundable

HB 1739 modifies Missouri's Working Family Tax Credit Act to make the state tax credit refundable for eligible low-to-moderate income residents starting in 2027. It allows qualifying taxpayers (those claiming the federal Earned Income Tax Credit) to receive a credit equal to 10% (potentially increasing to 20%) of their federal credit amount, with the refundability change applying only to tax years beginning January 1, 2027, and later. The credit percentage increase to 20% is tied to Missouri's state revenue growth exceeding prior years by $150 million. The bill also requires the state to proactively notify eligible taxpayers who didn't claim the credit and report annual usage statistics.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes tax credit refundable for low-to-moderate income residents, providing direct tax relief via 10-20% of federal EITC starting 2027.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMakes tax credit refundable for low-income workers, expanding financial support and increasing disposable income for qualifying residents under the Working Family Tax Credit Act.95% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SB 1163: Authorizes a tax credit for certain educational expenses

Based solely on the provided context, a detailed summary cannot be generated. The bill title and abstract ("Authorizes a tax credit for certain educational expenses") are too vague to identify specific affected groups, qualifying expenses, credit mechanisms, or policy changes. No additional details about the bill's scope, eligibility, or implementation are included in the abstract or recent actions. Without these concrete elements, a factual summary meeting all requested criteria cannot be provided.

Topics ✓ Budget & TaxesSupports Budget & TaxesTax credit for educational expenses provides tax relief, aligning with support indicators for middle/lower income tax relief without specified exclusions.85% confidence

Sub-Topics Tax Credits Tax Incentives

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passed both · Missouri · House May 7, 2026

HB 1707: Excludes certain processing fees from the definition of gross receipts for sales tax purposes

HB 1707 modifies Missouri's sales tax code by excluding credit card and debit card processing fees from the definition of "gross receipts." This means businesses will no longer pay sales tax on these transaction fees, as they are now specifically exempted from the taxable sales amount. The bill directly affects retailers, restaurants, and other businesses that process payments through credit or debit cards. The key mechanism clarifies that these fees, previously included in taxable gross receipts, are now treated as separate from the actual sale price for tax calculation purposes. This change reduces the tax burden on businesses for payment processing costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes credit card processing fees from taxable gross receipts, reducing business tax burden. Direct tax relief aligns with fiscal responsibility indicators.90% confidence

Sub-Topics Sales Tax

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passed both · Missouri · House May 15, 2026

HB 1768: Modifies provisions relating to the classification of certain residential real property used for short-term rentals

This bill clarifies that single-family homes rented for less than 30 consecutive days (subject to sales tax) must be classified as residential property for tax purposes, not as "transient housing." It explicitly defines "transient housing" as rentals where rent receipts are subject to sales tax, excluding short-term home rentals. This affects property owners and local tax assessors who must apply this classification when determining property tax rates. The change ensures short-term rentals are taxed under residential rates rather than commercial rates, without altering rental regulations or tenant rights.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill classifies short-term rentals as residential property, lowering property tax rates (tax relief) and clarifying tax administration for assessors, directly addressing tax classification.90% confidence

Sub-Topics Business Taxes Property Tax Sales Tax

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in committee · Missouri · House Mar 31, 2026

HB 2205: Modifies provisions relating to income tax on retirement income from private and public sources

HB 2205 modifies Missouri's tax treatment of retirement income, affecting residents receiving pensions or retirement benefits. It establishes specific deduction limits for retirement income based on the benefit source (public vs. private), filing status, and income level, with varying annual caps (e.g., up to $6,000 for public benefits before 2027). For tax years beginning on or after January 1, 2027, the bill eliminates income-based limits, allowing full deduction of all private retirement income regardless of filing status or income. The changes apply to retirement benefits from government sources (like state pensions) or private plans (like 401(k)s), excluding Roth IRAs. This bill adjusts how retirement income is subtracted from taxable income under Missouri law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax deductions for retirement income, reducing taxable income for retirees and aligning with tax relief indicators for middle/lower income groups.95% confidence

Sub-Topics Income Tax

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in committee · Missouri · House Apr 1, 2026

HB 2089: Authorizes the "Missouri Disabled Veterans Homestead Exemption"

HB 2089 creates a property tax exemption for Missouri veterans with service-connected disabilities, directly affecting qualifying veterans and their surviving spouses. The bill grants annual exemptions of $2,500 for veterans with 30-49% disability (certified by the VA) and $5,000 for those with 50-69% disability, applied to their primary residence valued under $250,000. Surviving spouses may qualify if the veteran died in service, was eligible but died before applying, or if the spouse receives VA dependency compensation. The exemption applies to tax years beginning January 1, 2027, and requires the veteran to own and reside in the property as their principal home.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemptions for disabled veterans, reducing their tax burden and aligning with tax relief indicators for lower-income groups.90% confidence ✓ VeteransSupports VeteransCreates property tax exemptions ($2.5k-$5k) for disabled veterans with service-connected disabilities, directly expanding financial benefits and reducing tax burden for qualifying veterans and surviving spouses.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits Veteran Healthcare Veteran Housing

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