HB 3308 exempts certain business purchases from Missouri's sales tax, directly affecting manufacturers, defense contractors, and commercial laundries. It removes tax on materials, equipment, and utilities used in manufacturing, processing, mining, and producing goods, including specific exemptions for nuclear security enterprises (with a 2034 expiration) and large-scale commercial laundries processing over 500 pounds of textiles hourly. The bill also covers defense contractors fulfilling U.S. government contracts and projects under certain state development laws. These exemptions apply to tangible personal property, utilities, and services used in qualifying operations, reducing operational costs for eligible businesses.
HB 3214 creates "Manufacturing Opportunity Zones" in Missouri for large manufacturing developments requiring access to transportation and essential utilities like electricity, gas, and water. It exempts qualifying manufacturing companies (with NAICS codes 31-33 that own property in Missouri) from state corporate income tax starting in 2027, establishes a fast-track permitting process for projects in these zones, and creates a dedicated utility fund financed by a 1% user fee on utilities to improve infrastructure. The bill also introduces a small business loan guarantee program (up to 90% total guarantee) to support manufacturing and technology companies investing in these zones.
HB 2946 reduces Missouri's tax assessment rate for tangible personal property (like business equipment, vehicles, and inventory) over a three-year phase-in. It lowers the assessment percentage from 33.33% before 2027 to 22% in 2027, 11.11% in 2028, and 0.01% (effectively eliminating the tax) starting in 2029. This directly affects businesses and individuals who own taxable tangible personal property subject to county-level property taxes. The bill repeals the existing assessment rate in Section 137.115 of Missouri law and replaces it with these new phased reductions.
HB 2931 restricts how cities and airports can spend tax revenue collected from airport operations. It requires that these funds be used **only** for airport-related costs, such as airport maintenance, capital improvements, or other facilities directly tied to air transportation (like runways or terminals). The bill explicitly prohibits using this revenue for general city expenses, non-airport projects, or unrelated facilities owned by the airport operator. This policy change directly affects cities operating airports and their revenue management practices.
HJR 150 proposes a constitutional amendment that would limit local governments' ability to increase property tax rates without voter approval. It prohibits counties or cities from raising existing property tax rates above current levels without voter consent, and requires automatic tax reductions if property value increases outpace inflation (to maintain the same revenue). The amendment also excludes taxes for bond payments or debt obligations from these limits. This directly affects local governments and property owners by changing how property tax rates can be adjusted based on property values and inflation.
HB 2709 modifies how local governments adjust property tax rates when property valuations change. It requires counties, school districts, and other political subdivisions to revise tax rates for each property subclass (e.g., residential, commercial) whenever assessed values shift, ensuring they collect roughly the same tax revenue as the previous year - excluding new construction. The bill sets limits: tax rates cannot exceed the highest voter-approved rate from the 1980s (adjusted for inflation), and annual rate increases are capped at the consumer price index or 5%, whichever is lower. This directly affects local governments that collect property taxes, ensuring revenue stability while preventing unchecked rate hikes.
HB 2654 creates tax credits for companies making new capital investments in the state, directly affecting businesses planning significant projects. To qualify, a company must commit to spending at least $50 million on new investments within two years, with credits covering up to 2.5% of that investment over a three-year period. Companies must submit a notice of intent, provide annual reports on jobs created and investment details, and cannot use these credits for projects already covered by other programs. Data storage centers are explicitly excluded from eligibility under this bill.
HB 3095 modifies tax credit eligibility for new business facilities, specifically affecting headquarters facilities. It extends the cutoff for eligibility from 2031 to 2041 for headquarters facilities to receive incentives under sections 135.100-135.150. The bill also allows headquarters expansions meeting minimum thresholds (25+ new employees and $1 million+ investment) to count as separate new facilities for credit purposes. Additionally, it clarifies that multiple noncontiguous buildings within the same county or municipality count as a single facility for eligibility.
HJR 162 would require at least 20% of eligible voters to cast ballots in elections for new property tax bonds or renewals of existing property tax levies. For such measures to pass, they must also receive majority support from voters who participate. This directly affects local governments and school districts seeking to fund services like roads or schools through property tax levies. The bill sets these dual thresholds to ensure broader community engagement before tax-related measures can be approved.
HB 2639 creates a state tax credit for individuals and businesses that donate to certified local law enforcement foundations. Taxpayers can claim credits of up to $5,000 (single filers) or $10,000 (married/joint filers) annually for contributions used to fund officer training, salary supplements, equipment, or joint emergency response teams with behavioral health specialists. Foundations must be certified by the state, limit annual contributions to $3 million, and cannot accept more than $3 million per year from this program. The total tax credits available are capped at $75 million annually, with unused credits carried forward for up to five years.
