Budget & Taxes (Revenue)

in committee · Missouri · Senate Jan 15, 2026

SB 1118: Modifies provisions relating to personal property assessments

SB 1118 modifies how Missouri counties and local governments (like cities, school districts, and counties) adjust property tax rates after reassessments. It requires political subdivisions to revise tax rates for each property subclass and personal property to maintain the same tax revenue as the previous year, excluding new construction and improvements. The bill sets a cap on rate increases at the lower of the consumer price index or 5% annually, while allowing adjustments for inflationary growth in property values. This directly affects local governments that set property tax rates, ensuring revenue stability during reassessment cycles without exceeding voter-approved limits.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax rate increases at 5% or CPI, maintaining revenue stability and preventing excessive hikes - promotes fiscal responsibility for local budgets.90% confidence

Sub-Topics Property Tax Revenue

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passed · Missouri · Senate May 15, 2026

SB 1023: Modifies provisions relating to funding for certain libraries

SB 1023 would add specific counties to the current list of counties permitted to collect a sales tax dedicated to public library services. This bill expands the existing authorization without changing the tax rate, funding requirements, or how library funds are used. It directly affects the newly added counties by allowing them to implement this tax method for library funding. The bill is currently under review by the Senate Local Government Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables additional counties to levy sales tax for public library funding, expanding authorized tax-based support for public services without altering rates or requirements.90% confidence

Sub-Topics Property Tax Revenue Sales Tax

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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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in committee · Missouri · House Apr 20, 2026

HB 1671: Modifies the Tourism Supplemental Revenue Fund

This bill creates a dedicated "Division of Tourism Supplemental Revenue Fund" in Missouri's state treasury, funded primarily by a portion of sales taxes from tourism-related businesses (such as hotels, attractions, and travel services, identified by specific SIC codes). The fund's annual deposits are capped at $3 million more than the previous year's amount and are calculated using tourism sales tax revenue. Before spending from the fund, the Division of Tourism must submit a marketing strategy to legislative committees for review. The fund expires on June 30, 2020, and its money cannot be returned to the general revenue fund at the end of a biennium.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated tourism fund from sales tax revenue, allocating existing tax income to tourism marketing program with annual deposit cap.92% confidence

Sub-Topics Revenue Sales Tax

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in committee · Missouri · House May 15, 2026

HB 2210: Establishes a fund for matching school district expenditures of reserve moneys to increase teacher salaries

HB 2210 creates a state "Matching Grants for Teachers Plan Fund" to help school districts increase teacher salaries using their own reserve funds. School districts can withdraw money from their reserves for salary increases and receive state matching funds equal to that amount, up to $1 million annually per district. To qualify, districts must maintain at least $100,000 in reserves, cannot deplete reserves below state minimums, and must use existing interest earnings from school funds to supplement salary increases (not replace them). The bill ensures unspent fund balances do not revert to general revenue and requires districts to deposit interest into reserves.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates state matching funds ($1M/district) for school district teacher salary increases, directly increasing state budget allocation for education spending.92% confidence ✓ EducationSupports EducationCreates state matching fund for teacher salary increases using district reserves, directly funding educator compensation under education-focused bill.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentDirectly funds teacher salary increases via state matching grants, advancing wages for educators within labor & employment framework.95% confidence

Sub-Topics Revenue State Budget School Funding Teachers

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in committee · Missouri · Senate Jan 27, 2026

SB 1240: Eliminates the individual income tax

SB 1240 would eliminate the state's individual income tax, meaning residents would no longer pay taxes on their earnings. This change would directly affect all state residents who currently file income tax returns. The bill's key provision is the complete removal of the tax obligation, requiring the state to rely on alternative revenue sources. The bill was prefilled in December 2025 and received its first reading in January 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates individual income tax, providing direct tax relief and removing a key revenue source, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Income Tax Revenue

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in committee · Missouri · Senate Jan 27, 2026

SJR 88: Authorizes a property tax exemption for disabled veterans

SJR 88 is a proposed constitutional amendment in Missouri that would create a property tax exemption for disabled veterans and their surviving spouses. It defines a "disabled veteran" as a Missouri resident with honorable military service and 100% VA disability compensation from service-connected injuries, and exempts their primary residence (homestead) from property taxes. Surviving spouses retain the exemption only if they continue living in the same home; the exemption ends if they sell the property or move. To offset lost local tax revenue, the bill requires counties to impose a replacement tax on certain commercial property (subclass 3 of class 1), with adjustments based on property values and voter approval for rate changes. This is a pending constitutional amendment (prefiled Dec 2025, first read Jan 2026), not yet law.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for disabled veterans, reducing their tax burden and aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransProposes property tax exemption for disabled veterans and surviving spouses, directly expanding financial benefits and recognition through tax relief.95% confidence

Sub-Topics Property Tax Revenue Tax Incentives Veteran Benefits Veteran Healthcare

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