Budget & Taxes (Income Tax)

in committee · Missouri · House Mar 10, 2026

HB 2058: Modifies the "Show MO Act" tax credit for qualified motion media production projects

HB 2058 modifies Missouri's "Show MO Act" tax credit program to support motion media productions filmed in the state. It provides a 20% tax credit on qualifying expenses for eligible projects (e.g., films, video games, VR content) that meet minimum spending thresholds ($50,000 for short projects, $100,000 for longer ones) and include Missouri credit statements. Additional 5% credits apply for filming at least 50% in Missouri and an extra 5% for filming 15% in rural or blighted areas. The credit reduces Missouri income tax liability for qualifying production companies, excluding news, political ads, infomercials, and other specified exclusions. This policy directly affects production companies creating eligible media content in Missouri.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax credit program to incentivize motion media production, directly advancing tax incentive policy under Budget & Taxes topic.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Missouri · Senate Jan 27, 2026

SJR 80: Modifies provisions relating to tax credits

SJR 80 proposes a constitutional amendment allowing Missouri's legislature to create an income tax credit for donations to organizations supporting pregnant individuals, new mothers, and families - including nonprofit pregnancy resource centers. The bill explicitly prohibits tax credits for contributions to entities that perform, induce, or refer for abortions, or that advertise such services. This amendment would directly affect taxpayers who donate to qualifying pregnancy support organizations, as it would enable them to claim a state tax credit. The measure requires voter approval in 2026 and does not create new tax credits itself, only authorizing the legislature to do so through future laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables tax credit for donations to pregnancy support orgs, providing tax relief. Explicitly modifies tax credit provisions per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Missouri · House May 15, 2026

HB 2615: Authorizes a tax credit to offset amounts paid on firearm safety items

HB 2615 allows Missouri individual taxpayers to claim a state income tax credit for purchases of approved firearm safes or safety devices (like trigger locks), up to $500 per tax year. The credit directly affects residents who buy these items for personal use, offsetting their state income tax liability - up to the amount owed - without carryover to future years. The bill caps total annual credits at $500,000 and expires after six years unless renewed by the legislature. It defines "approved" items through joint rules by the Public Safety and Revenue departments, requiring receipts for verification.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state tax liability for firearm safety purchases, aligning with tax relief indicators for eligible residents.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Missouri · House May 15, 2026

HB 2247: Reduces and eliminates the personal income tax over a period of 10 years

HB 2247 gradually reduces Missouri's personal income tax rates over time, directly affecting all residents who pay state income tax. Starting in 2023, the top tax rate drops to 4.95%, with further annual reductions of 0.15% in 2024 and 0.1% each year thereafter, contingent on state revenue meeting specific thresholds. The bill eliminates the tax entirely by 2037, with tax brackets automatically adjusted for inflation annually. Key provisions include phased rate cuts tied to revenue performance and a final full elimination of the tax after 14 years.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly eliminates personal income tax over 10 years, providing direct tax relief to all residents who pay state income tax, aligning with tax relief indicators for support.95% confidence

Sub-Topics Business Taxes Income Tax Revenue

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in committee · Missouri · House May 15, 2026

HB 1774: Authorizes a tax credit for certain charitable donations to local hospital foundations

HB 1774 creates a Missouri state income tax credit for individuals who donate to qualifying local hospital foundations. It allows taxpayers to claim a credit equal to 50% of their donation amount (capped at $2,500 annually per taxpayer), provided the foundation is a 501(c)(3) organization that provides financial relief for unpaid hospital bills in the donor’s area. The credit is non-refundable, cannot exceed total state income tax liability, and has a $2 million annual cap across all taxpayers. This policy directly affects Missouri residents who pay state income tax and make qualifying donations to hospital foundations, aiming to incentivize charitable support for community healthcare access.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state revenue, providing tax relief for charitable donations to hospitals, aligning with tax relief indicators.92% confidence ✓ HealthcareSupports HealthcareIncentivizes donations to hospital foundations providing financial relief for unpaid bills, strengthening hospital funding and patient access to care.90% confidence

Sub-Topics Income Tax Tax Credits Hospitals

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in committee · Missouri · Senate Jan 27, 2026

SB 1231: Authorizes an income tax deduction for certain research expenses

SB 1231 modifies Missouri's income tax code by adding specific federal tax adjustments to Missouri taxable income. It requires taxpayers to add back certain items excluded from federal taxable income, such as federal tax refunds related to pandemic relief, interest on some government bonds, and specific business deductions (including research-related deductions under federal Section 174 for tax years 2022+). This affects Missouri residents and nonresidents filing state tax returns who claim these federal deductions. The bill does not create new tax deductions but adjusts how existing federal tax items impact Missouri taxable income. It aligns Missouri’s tax base more closely with federal calculations for certain items, effective for tax years beginning in 2022 or later.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses federal deduction loophole for research expenses, requiring add-backs to taxable income and increasing state tax revenue per bill's tax code modification.95% confidence

Sub-Topics Income Tax

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in committee · Missouri · Senate Jan 27, 2026

SJR 74: Modifies provisions relating to income taxes

This constitutional amendment (SJR 74) would allow Missouri counties to impose their own local income tax if the state's income tax rate falls below 4.5%, provided voters approve the tax at a general election. It directly affects counties and their residents, as counties could add a local tax up to a combined total of 4.5% with the state rate. Key provisions require county voter approval before implementation, mandate that collected funds (minus 1% for collection costs) go to a dedicated "County Income Tax Trust Fund" for the county, and prohibit state control or appropriation of these funds. The amendment must be approved by voters in November 2026 to take effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables counties to impose local income tax (up to 4.5% combined rate), expanding local fiscal authority for budget management without restricting tax collection.95% confidence

Sub-Topics Appropriations Income Tax Sales Tax

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in committee · Missouri · House May 15, 2026

HB 2364: Authorizes an income tax deduction for employers who pay regular wages to employees serving jury duty

HB 2364 allows Missouri employers to claim a state income tax deduction for wages paid to employees while they serve jury duty, directly affecting businesses and self-employed individuals who cover employee wages during court service. The deduction equals 100% of the wages paid minus any jury duty compensation the employee receives from the court. This applies to all employers (including self-employed individuals treated as employees under the bill) for tax years beginning January 1, 2027, and expires six years after enactment unless renewed by lawmakers. Employers violating jury duty laws may lose the deduction or repay tax savings.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for employers, reducing their tax liability for wages paid during jury duty, a direct tax relief measure under tax incentives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax incentive for employers to pay full wages during jury duty, protecting workers' income during mandatory service95% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · Missouri · Senate Jan 27, 2026

SB 1191: Exempts certain families from income tax

SB 1191, titled the "Next Generation Family Act," exempts Missouri taxpayers with three or more children (who qualify for federal dependency exemptions) from state income tax starting in 2027. It directly affects families meeting this federal dependency threshold, regardless of the federal exemption amount. The bill requires the state Department of Revenue to create implementing rules, but the core change is a state tax exemption for qualifying households. This policy modifies the state income tax structure for eligible families beginning with tax years after 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts qualifying families (three+ children) from state income tax, providing direct tax relief aligned with middle/lower income support indicators.95% confidence

Sub-Topics Income Tax Sales Tax Tax Incentives

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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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