Budget & Taxes (Tax Incentives)

in committee · Missouri · House Apr 29, 2026

HB 2859: Reduces the assessment percentage of certain personal property and provides a personal property tax exemption for certain personal property upon adoption of a constitutional amendment authorizing such exemption

HB 2859 reduces the tax assessment rate for specific personal property in Missouri. It lowers the percentage used to calculate taxes on qualifying farm machinery and motor vehicles (manufactured 10+ years prior) from 33.3% down to 16% by 2041, phased annually starting in 2027. The bill directly affects owners of these older farm and vehicle assets, who would see lower annual property tax bills once the tax rate reductions take effect. The law also provides a full tax exemption for these items if Missouri voters approve a related constitutional amendment.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces property tax assessment rate for qualifying farm machinery/vehicles, providing direct tax relief per support indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Missouri · Senate Feb 5, 2026

SB 1592: Authorizes a tax credit for contributions to prevention resource centers

SB 1592 would create a tax credit allowing businesses or individuals to reduce their state tax liability by a portion of their contributions to designated prevention resource centers. These centers likely focus on community prevention services (like health or safety programs), though the bill doesn't specify their exact scope. The credit would directly affect taxpayers making qualifying donations, potentially encouraging financial support for these centers. The bill is currently pending review by the Senate Economic and Workforce Development Committee and has not yet been enacted.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit reducing state tax liability for donations to prevention centers, providing tax relief and encouraging support for public services.90% confidence ✓ HealthcareSupports HealthcareTax credit directly incentivizes donations to prevention centers likely providing health services, funding community prevention programs per bill summary.85% confidence

Sub-Topics Tax Credits Tax Incentives Mental Health

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in committee · Missouri · Senate Apr 8, 2026

SB 1608: Authorizes a tax credit for contributions to certain youth police initiatives

SB 1608 would create a state tax credit for individuals or businesses that donate to specific youth-focused police programs. The bill directly affects taxpayers who contribute to qualifying initiatives, such as community policing outreach or youth engagement programs run by law enforcement. It does not describe specific qualifying programs, credit amounts, or eligibility rules in the provided abstract. As the bill is only at its first reading (2026-01-29), no further details about implementation or scope are available in the current context.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for donations to youth police programs, reducing taxpayer liability and incentivizing contributions to public safety initiatives.95% confidence ✓ Criminal JusticeSupports Criminal JusticeCreates tax credit for youth police initiatives (community policing/youth engagement), promoting trust-building and prevention - key criminal justice reform elements.85% confidence

Sub-Topics Sales Tax Tax Credits Tax Incentives Law Enforcement Policing

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in committee · Missouri · House Apr 29, 2026

HB 2686: Provides a sales tax exemption for certain used tangible personal property

HB 2686 clarifies Missouri's sales tax exemptions for businesses purchasing physical goods used in manufacturing, recycling, and repair operations. It specifically exempts materials, machinery, and parts intended for direct use in production, recycling facilities, vehicle repairs, and government contracts. Businesses buying these items for operational use will not pay sales tax on them. This affects manufacturers, recyclers, repair shops, and suppliers to government contracts. The bill refines existing exemption rules without creating new tax breaks, making the policy clearer for affected businesses.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides sales tax exemption for businesses purchasing manufacturing/recycling equipment, reducing tax burden and aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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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

HJR 105: Proposes a constitutional amendment exempting from taxation certain real and personal property owned by former prisoners of war, veterans with a total service-connected disability, and Purple Heart recipients

HJR 105 proposes a constitutional amendment to exempt certain veterans' property from Missouri property taxes. It would add former prisoners of war, veterans with total service-connected disabilities, and Purple Heart recipients to the existing list of individuals eligible for a property tax exemption. The amendment repeals the current Section 6 of Article X in the Missouri Constitution and replaces it with new language explicitly including these veteran groups. This change would require voter approval in 2026 to take effect, directly benefiting qualifying veterans and their families by reducing their property tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for veterans, reducing tax burden and aligning with tax relief support indicators for targeted groups.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption to include POWs, disabled vets, and Purple Heart recipients, directly advancing veterans' financial benefits under state tax policy.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Healthcare

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in committee · Missouri · House May 15, 2026

HJR 144: Proposes a constitutional amendment granting homestead and personal property tax exemptions to certain veterans proportional to the veteran's disability rating

HJR 144 proposes a constitutional amendment granting Missouri veterans with service-connected disabilities a proportional property tax exemption. It directly affects veterans who received a disability rating from the U.S. Department of Veterans Affairs, exempting their real property (like homes) and personal property from taxes based on their specific disability percentage. For example, a veteran with a 50% disability rating would receive a 50% reduction in property taxes, while those rated 100% would be fully exempt. This amendment requires voter approval in a special election and would take effect for tax years beginning January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemptions for veterans proportional to disability rating, reducing tax burden for lower-income veterans - direct tax relief under taxation policy95% confidence ✓ VeteransSupports VeteransProvides proportional property tax exemptions to veterans based on VA disability rating, directly enhancing financial benefits for veterans with service-connected disabilities.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 2039: Authorizes a tax credit for certain volunteer drivers

HB 2039 creates a state tax credit for individual volunteer drivers who provide transportation for qualified 501(c)(3) nonprofit organizations without expecting payment. It allows eligible taxpayers to claim a credit covering unreimbursed driving costs (gas, diesel, or electric charging) and mileage at the IRS business rate, up to $3,000 per year, adjusted annually for inflation. The credit is non-refundable, can be carried forward for three years, and is subject to a $1 million annual cap across all claimants. The program expires after six years unless renewed by the legislature.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for individual volunteers, reducing taxable income for lower/middle-income taxpayers on unreimbursed costs, aligning with tax relief indicators.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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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 May 15, 2026

HB 2432: Authorizes the city of Richmond to levy a sales tax whose revenues are dedicated to public safety upon voter approval

HB 2432 allows eligible cities meeting specific population and county criteria (e.g., cities with 3,000-3,300 residents in certain counties) to impose a 0.5% sales tax on retail purchases, but only after voter approval in a general or special election. All revenue from this tax must be used exclusively for public safety services, including police, fire, and emergency medical equipment, salaries, and facilities, and must be deposited in a special trust fund. The tax is in addition to existing sales taxes and requires a majority "yes" vote to take effect, with no re-submission allowed for 12 months if rejected. Cities must meet one of 21 defined population thresholds to qualify for this tax authority.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes dedicated 0.5% sales tax for public safety services (police/fire/EMS), directing all revenue exclusively to essential program funding per bill language.90% confidence ✓ Criminal JusticeSupports Criminal JusticeAuthorizes dedicated sales tax revenue for public safety services including police, fire, and emergency medical equipment, directly funding law enforcement within criminal justice framework.95% confidence

Sub-Topics Debt & Bonds Sales Tax Tax Incentives Policing

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