Budget & Taxes

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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in committee · Missouri · House Apr 1, 2026

HB 1762: Modifies provisions relating to income tax deductions for private pensions

HB 1762 modifies Missouri's income tax rules for retirement benefits, primarily affecting taxpayers receiving private pension income. It increases the maximum deductible amount for retirement benefits from private sources: $6,000 annually for tax years 2002-2026, rising to $12,000 annually starting in 2027. The bill specifically includes 401(k) plans, IRAs, and other private retirement arrangements (but excludes Roth IRAs) in the deduction calculation. Deduction limits apply based on filing status (e.g., single, married filing jointly) and income thresholds, with higher limits for lower-income taxpayers.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax deductions for private pension income, providing relief to retirees by reducing taxable income under Missouri's income tax system.95% confidence

Sub-Topics Income Tax Pensions

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passed · Missouri · House Apr 29, 2026

HB 2142: Modifies the "Show MO Act" tax credit caps for qualified motion media production projects

HB 2142 modifies Missouri's tax credit program for motion media productions (like films, TV shows, video games, and VR content) by increasing the base tax credit rate to 20% of qualifying expenses and adding up to 5% more for specific criteria, such as filming in Missouri, hiring Missouri residents, or promoting tourism. It directly affects production companies filming in Missouri that meet defined project size and content requirements (excluding news, ads, or political content). Key provisions include annual spending caps ($8 million/year for film/series through 2026, rising to $16 million/year after 2026), mandatory employment of Missouri residents/veterans based on project size, and requirements for promotional materials. The bill aims to incentivize local production while ensuring credits are tied to economic impact in Missouri.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for motion media productions, providing tax relief to incentivize economic development in Missouri through targeted fiscal incentives.95% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House May 15, 2026

HB 2527: Establishes a tax credit for certain newspaper printing plants

HB 2527 creates a 50% tax credit against Missouri state income tax for qualifying newspaper printing plants, directly affecting businesses headquartered in Missouri that derive most revenue from printing publicly distributed newspapers. The credit equals half of eligible labor costs (reported on W-2s for pressroom/mailroom staff) incurred during the tax year, with a total annual cap of $7 million across all applicants. Taxpayers must apply to the Missouri Department of Revenue, and unused credits can be refunded or transferred. The program expires automatically six years after implementation (unless renewed by the legislature) and applies only to state tax liability under Chapters 143 or 148, excluding withholding tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 50% tax credit for newspaper printing plants, reducing tax burden on qualifying businesses and incentivizing local employment in a public information sector.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

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in committee · Missouri · House May 15, 2026

HJR 138: Proposes a constitutional amendment relating to property tax exemptions for certain disabled veterans

HJR 138 proposes a constitutional amendment to expand Missouri's property tax exemption for disabled veterans. It would exempt the homestead property (primary residence) of veterans certified by the VA to receive 100% disability compensation for a service-connected injury, plus their surviving spouses who continue living in that home. The amendment repeals the current constitutional provision and replaces it with specific definitions, ensuring the exemption applies to veterans meeting federal VA criteria and extends to surviving spouses under defined conditions. This change would directly affect qualifying disabled veterans and their surviving spouses in Missouri by providing property tax relief on their primary residence.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for disabled veterans, reducing tax liability for this group. Direct tax relief alignates with support criteria for fiscal policy.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for disabled veterans with 100% VA disability rating and surviving spouses, directly strengthening financial benefits for veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits

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in committee · Missouri · Senate Jan 27, 2026

SB 1241: Authorizes an income tax deduction for tipped income

SB 1241 would allow workers who earn tips (such as servers or bartenders) to deduct their total tipped income from their taxable income when filing state income taxes. This means their taxable income would be reduced by the amount they earn in tips, lowering the overall tax they owe. The bill directly affects service industry workers who rely on tips as a significant part of their earnings. It creates a specific tax deduction mechanism for tipped income, rather than changing the tax rate or adding new taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirectly provides tax relief for lower-income service workers by allowing tip deductions, reducing taxable income and tax burden per tax relief indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill reduces taxable income for tipped workers, increasing take-home pay and directly supporting financial security for service industry employees.95% confidence

Sub-Topics Income Tax Minimum Wage

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in committee · Missouri · House May 14, 2026

HB 2243: Modifies provisions relating to local sales tax exemptions

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.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill adds tax exemptions for businesses (manufacturing, defense, etc.), reducing state revenue and weakening tax base per fiscal management indicators.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 2173: Modifies provisions relating to income tax on tips

HB 2173 is titled "Modifies provisions relating to income tax on tips," but the bill text actually adjusts how Missouri calculates taxable income by modifying adjustments to federal adjusted gross income (AGI). It adds back certain federal tax refunds (like pandemic-related payments excluded from Missouri tax) and specific deductions, while subtracting items like interest from federal bonds. The bill directly affects Missouri taxpayers by changing their state tax liability based on federal tax calculations, particularly for refunds and deductions related to federal tax law changes. This is a procedural tax code adjustment, not a new policy, and does not involve income tax on tips as the title suggests.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies tax calculation to include excluded federal refunds, increasing taxable income and state revenue.90% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Missouri · Senate Jan 15, 2026

SB 1044: Authorizes a tax credit for providing services to homeless persons

SB 1044 would create a tax credit for organizations that provide direct services to homeless individuals, such as shelter, meals, or case management. This credit would allow eligible nonprofits or service providers to reduce their state tax liability based on qualifying expenses. The bill is currently under review by the Senate Economic and Workforce Development Committee after being referred in January 2026. The abstract does not specify credit amounts, eligibility details, or program funding sources.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for homeless service providers, reducing tax liability to fund essential services through fiscal incentives.85% confidence ✓ HousingSupports HousingAuthorizes tax credits for nonprofits providing homeless services (shelter, meals, case management), directly funding housing assistance for vulnerable populations.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Homelessness Property Development

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