Budget & Taxes

in committee · Missouri · Senate Jan 14, 2026

SB 877: Requires General Assembly and gubernatorial approval of proposed administrative rules with a fiscal note over $250,000

SB 877 requires state agencies to get approval from both the Missouri General Assembly and the governor before implementing new administrative rules that cost more than $250,000 annually in public funds or impose costs exceeding $250,000 per year on individuals or businesses. It adds a 30-day review period with the Joint Committee on Administrative Rules and mandates that such rules cannot take effect until the legislature passes a concurrent resolution approving them and the governor signs it or the veto is overridden. This applies to all rules except those needed for federal compliance or funding. The bill aims to create additional oversight for significant fiscal impacts of regulations.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires legislative/governor approval for costly rules, promoting fiscal oversight and accountability per fiscal note requirements.95% confidence

Sub-Topics Government Spending

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in committee · Missouri · Senate Mar 11, 2026

SJR 68: Prohibits the taxation of unrealized gains

This bill prohibits state taxation of unrealized gains, meaning it would prevent taxes on increases in the value of assets (like stocks or property) before those assets are sold. It directly affects taxpayers who hold appreciating assets but haven't yet converted them to cash. The bill establishes a clear rule that unrealized gains cannot be subject to state tax, without specifying implementation details or exceptions. As a procedural measure, it focuses on defining a tax boundary rather than creating new programs or altering existing tax structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesProhibits state taxation of unrealized gains, reducing tax burden on asset holders without specifying exceptions, aligning with tax relief indicators.95% confidence

Sub-Topics Sales Tax

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in committee · Missouri · House Mar 25, 2026

HB 2362: Authorizes the "Disabled Veteran Property Tax Relief Act" relating to a property tax exemption for certain veterans

HB 2362 creates a property tax exemption for Missouri disabled veterans, reducing their primary residence property taxes by a percentage equal to their U.S. Department of Veterans Affairs disability rating (e.g., a 50% rating reduces taxes by 50%). It directly affects Missouri residents who are disabled veterans (with VA-certified disability ratings), own their primary residence, and file annual applications with VA documentation by April 1. The exemption is proportional to the veteran’s disability rating (up to 100% for 100% rating) and extends to surviving spouses who retain ownership and residency without remarrying. To qualify, applicants must submit proof of disability rating, ownership, and primary residence occupancy each year.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden based on VA disability rating, directly advancing tax relief for qualifying residents.95% confidence ✓ VeteransSupports VeteransCreates property tax exemption proportional to VA disability rating, directly expanding financial benefits for disabled veterans per bill's core purpose.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Missouri · House May 15, 2026

HB 1703: Modifies provisions relating to an income tax deduction for military members engaged in certain civilian federal service

HB 1703 allows Missouri taxpayers who serve in the National Guard or military reserves to deduct a portion of their military-related income from their state taxable income. The deduction percentage increases gradually - from 20% in 2020 up to 100% starting in 2024 - and applies to income from training, reserve duty, or joining/re-enlistment bonuses. It directly affects Missouri military members (National Guard/reserves) who file state tax returns, reducing their taxable income for eligible military compensation. The bill also specifies that this deduction will no longer apply to civilian federal service positions (including uniformed roles) beginning in 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for military members, reducing taxable income and offering tax relief per state income tax policy.90% confidence ✓ VeteransSupports VeteransProvides tax deduction for military members' income, reducing tax burden and directly supporting veterans' financial well-being through income tax relief for National Guard/reserve service.95% confidence

Sub-Topics Income Tax National Guard & Reserve

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in committee · Missouri · Senate Mar 4, 2026

SB 961: Modifies the Historic Preservation Tax Credit

SB 961 modifies Missouri's Historic Preservation Tax Credit by increasing the credit rate to 35% for rehabilitation of eligible historic properties in qualifying counties or for historic schools/theaters, up from 25% for standard projects. It requires rehabilitation costs to exceed 50% of a property’s value and aligns with federal Secretary of the Interior standards. The bill also establishes a $90 million annual cap on tax credits, with $30 million specifically reserved for projects in qualified census tracts (areas with high poverty rates). These changes aim to incentivize historic preservation in rural and economically disadvantaged communities while streamlining the credit application process under the "Missouri Historic, Rural Revitalization, and Regulatory Streamlining Act." The provisions take effect for projects beginning July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit rate from 25% to 35% for historic preservation, providing tax relief for qualifying projects and directly modifying state tax policy within budgetary framework.95% confidence

Sub-Topics Tax Credits

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in committee · Missouri · House May 15, 2026

HB 1670: Modifies provisions relating to income tax on tips

HB 1670 corrects a misleading title; it does not address income tax on tips but modifies Missouri's tax calculation rules for adjusted gross income. The bill repeals existing tax provisions and adds new rules to adjust federal tax items when calculating Missouri income tax, including: adding back certain federal tax refunds (excluding pandemic-related credits), including interest on specific government bonds, and adjusting deductions for property purchases and net operating losses. These changes affect all Missouri taxpayers who file state income tax returns, as they alter how federal tax items are treated for state tax purposes. The bill focuses on aligning Missouri's tax code with federal adjustments rather than creating new tax rates or exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax calculation rules to close loopholes (adding back federal refunds, adjusting deductions), increasing fiscal responsibility95% confidence

Sub-Topics Income Tax

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in committee · Missouri · House Jan 12, 2026

HB 2158: Modifies provisions of the "Missouri Empowerment Scholarship Accounts Program" tax credit

This bill modifies Missouri's tax credit program for contributions to educational assistance organizations (EAOs). It allows taxpayers to claim a 100% credit for donations made after August 2021, capped at 50% of their state tax liability, with an annual $75 million limit adjusted yearly based on school district funding changes. Credits are allocated on a first-come, first-served basis, and taxpayers cannot designate specific students for scholarships. The law directly affects donors to EAOs and the organizations themselves, ensuring credits are used within the annual cap without transferability or refunds.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit for education donations, reducing state tax revenue via 100% credit capped at 50% of liability with $75M annual limit.95% confidence ✓ EducationSupports EducationBill expands educational access by creating tax credits for donations to EAOs funding scholarships, directly increasing private school choice options for students.90% confidence

Sub-Topics Tax Credits School Choice Student Financial Aid

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in committee · Missouri · House May 15, 2026

HB 1632: Modifies provisions relating to the biodiesel blend fuel seller tax credits

HB 1632 creates tax credits for Missouri retailers and distributors selling biodiesel blends (5-20% biodiesel mixed with diesel fuel). It provides a 2-cent-per-gallon credit for blends of 5-10% biodiesel and a 5-cent-per-gallon credit for blends of 10-20% biodiesel sold at retail service stations or to final users within Missouri. The credits apply to tax years beginning in 2023 or later, with a total annual cap of $16 million and a sunset provision ending the program on December 31, 2028, unless reauthorized. This bill directly affects fuel sellers who meet the blend specifications defined in the law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for biodiesel retailers, directly addressing taxation policy and fiscal management through targeted tax relief. Explicitly modifies tax credit provisions within revenue framework.95% confidence ✓ EnergySupports EnergyCreates tax credits for biodiesel blends (5-20% renewable content), promoting renewable energy adoption and reducing fossil fuel dependence through direct financial incentives.95% confidence ✓ EnvironmentSupports EnvironmentPromotes biodiesel blends (5-20% renewable fuel) via tax credits, reducing emissions from diesel use and supporting clean energy adoption.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation by incentivizing biodiesel blends (5-20%) via tax credits, aligning with sustainable fuel initiatives in transportation policy.85% confidence

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in committee · Missouri · House Mar 30, 2026

HB 2329: Reduces the assessment percentage of tangible personal property over a period of years

HB 2329 reduces the tax assessment rate for tangible personal property (such as business equipment, vehicles, and movable assets) owned by businesses and individuals in Missouri. It phases down the current 33.33% assessment rate over three years: to 28.22% in 2027, 23.11% in 2028, and permanently to 18% starting in 2029. The bill repeals the existing assessment rate language in Missouri law (section 137.115) and replaces it with this new phased reduction schedule. This directly lowers property tax bills for owners of tangible personal property beginning in 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces property tax assessment rate from 33.33% to 18% over three years, providing direct tax relief for businesses and individuals under taxation policy.95% confidence

Sub-Topics Business Taxes Property Tax

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signed · Missouri · House Jul 13, 2026

HB 1867: Authorizes Joplin to increase a transient guest tax for tourism to no more than six percent upon a vote of the people

HB 1867 allows the city of Joplin to increase its transient guest tax on hotel and motel stays to a maximum of six percent, but only after voters approve the change through a local election. The tax would be added to the room charge and collected by hotels/motels, with all revenue dedicated exclusively to funding Joplin’s convention and visitors bureau. This bill amends Missouri law to create a specific exception for Joplin, which would otherwise be subject to a standard five percent cap for cities of its size. The tax must be listed separately on guests’ bills and cannot replace any existing taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes Joplin to increase transient guest tax to fund convention bureau, directly allocating tax revenue to a public tourism service per state law amendment.95% confidence

Sub-Topics Sales Tax