Labor & Employment (Economic Development)

HB 3268 creates a tax credit for Missouri businesses or organizations that provide specific services to homeless individuals. Eligible entities must be certified by the Department of Economic Development as providers of employment services, direct employment (at minimum wage for 28+ hours/week), or housing (rented/leased at income-based rates). Certified providers can claim up to $10,000 annually against their state income tax, with a total annual cap of $1 million across all credits. The program expires December 31, 2032, unless renewed by the legislature.

HB 2955 creates a Missouri tax credit for businesses and organizations providing services to homeless individuals. Eligible taxpayers (such as job training agencies, employment providers, or housing organizations) can claim up to $10,000 annually in income tax credits for services like job training, employment (28+ hours/week at minimum wage), or housing support specifically for homeless persons. Certification by the Department of Economic Development is required, with annual renewal, and credits are non-refundable but carry forward for up to three years. The total annual credit amount is capped at $1 million. This bill directly affects service providers who meet the certification criteria, not homeless individuals themselves.