HB 1759 modifies how Missouri counties assess personal and real property taxes. It lowers the personal property assessment rate from 33.3% to 30% of current market value for most properties starting in 2027, while maintaining specific lower rates for items like solar panels (5%), historic vehicles (5%), and agricultural crops (0.5%). The bill also updates real property assessment rules, including a provision reducing assessments for airport-related properties where private parties funded improvements. These changes directly affect property owners, county assessors, and local governments managing tax assessments across Missouri.
HB 2531 creates tax credits to incentivize converting old office buildings into residential spaces in Missouri downtowns and Main Street districts. Property owners who substantially convert qualifying office buildings (over 50% residential use) to residential or mixed-use spaces can claim a 25% tax credit on eligible renovation costs, or 30% for upper-floor housing in designated Main Street districts. The credits can be transferred multiple times and carried forward up to ten years if they exceed annual tax liability. The program is capped at $50 million annually, with 50% reserved for large buildings (>750,000 sq ft) and 25% specifically for Main Street upper-floor housing projects. It directly affects developers and property owners undertaking downtown revitalization conversions.
SB 1148 repeals specific taxes that currently apply to the sale of bingo cards. This bill directly affects organizations that sell bingo cards, such as charitable groups or nonprofit entities, by eliminating the tax burden on these sales. The key provision is the removal of existing tax requirements for bingo card transactions, simplifying compliance for these sellers. The bill does not create new rules but removes current tax obligations related to this activity. It is currently pending in the Senate Appropriations Committee after initial readings.
SB 1189 modifies Missouri's laws governing juvenile detention centers, requiring counties to provide separate facilities for minors that prevent contact with adult inmates. It establishes new rules for counties to coordinate shared detention facilities across multiple counties within judicial circuits, with costs prorated based on population. The bill allows counties to impose an additional up to 1% sales tax to fund these facilities, while mandating that detention centers must provide care resembling "good homes" and be overseen by a superintendent appointed by the juvenile court. This directly affects counties (especially third and fourth class), juvenile courts, and children in detention.
This Missouri bill clarifies property tax classifications by defining key terms for residential, agricultural, and commercial property. It explicitly includes short-term rentals (under 30 days) as residential property for tax purposes, excluding them from "transient housing" like hotels. The bill also expands agricultural property to cover urban community gardens and specifies how properties used for multiple purposes (e.g., farming with a home) should be classified. These changes help ensure consistent tax assessments and provide local governments with rules to adjust levies if property classification changes affect revenue.
SB 873 proposes a tax credit for landlords or housing providers who offer shelter to victims of domestic violence. This bill directly affects housing organizations and property owners by providing a financial incentive to support survivors. The key mechanism is a tax credit that offsets the costs associated with providing safe housing, without requiring victims to pay for it directly. The bill is currently in committee review and has not yet been enacted.
HB 2215 would allow Missouri residents to deduct all paid tangible personal property taxes (such as taxes on cars, boats, or equipment) from their state income tax starting in 2027. Eligible taxpayers could claim this deduction either as a standard subtraction or through itemized deductions on their state tax return, excluding penalties, interest, or special assessments. The Department of Revenue would verify qualifying amounts, and the program would automatically expire six years after implementation unless the legislature reauthorizes it. This change directly affects individual taxpayers with tangible personal property tax obligations who file Missouri income taxes.
HB 1921, the "Missouri Worker Dues Tax Fairness Act," allows Missouri taxpayers to subtract union dues from their state income tax. It applies to individuals who pay union dues (including initiation fees but excluding political contributions) and are subject to Missouri income tax, with a maximum annual subtraction of $2,000 per person or $4,000 for joint returns. The deduction becomes effective for tax years beginning January 1, 2027, and requires taxpayers to provide documentation like pay stubs or union statements to claim the benefit. This policy directly affects union members by reducing their taxable income for state tax purposes.
HB 1816 creates a Missouri state tax credit for individuals and businesses donating to qualifying pregnancy resource centers. Taxpayers can claim a credit equal to 50% of donations for 2007-2020, rising to 70% for 2021-2026, and 100% after 2027, with a $50,000 annual cap per donor. To qualify, centers must provide in-person pregnancy support services without performing or referring for abortions, operate at no cost to clients, and meet specific service and exemption requirements under Missouri law. The credit reduces state tax liability for donors who contribute to these designated centers.
SB 1082 creates a tax credit for Missouri businesses and individuals who donate cash or food to qualifying nonprofit organizations, including food banks, food pantries, soup kitchens, and homeless shelters. Donors can claim a 50% tax credit (up to $2,500 annually) for donations made to food pantries, soup kitchens, or homeless shelters before 2026, and a 70% credit (also capped at $2,500) for donations to food banks starting in 2026. The credit is limited to the value of donations added back to taxable income, with annual state spending caps of $1.75 million (before 2026) and $3.5 million (starting in 2026). Donors must verify contributions via an affidavit, and organizations must be IRS 501(c)(3) nonprofits serving Missouri residents in need.
