MissouriModifies provisions relating to a tax credit for donated food
What it does
SB 1082 - Current law authorizes a tax credit for donations of cash or food to local food pantries, local soup kitchens, and local homeless shelters in an amount equal to fifty percent of the value of the donation. For all tax years beginning on or after January 1, 2026, this act also authorizes a tax credit for donations of cash or food to local food banks, as defined in the act, and increases the tax credit amount to seventy percent of the value of the donation.
More detail
Additionally, the total amount of tax credits that may be authorized in a fiscal year shall not exceed $1.75 million. This act increases such amount to $3.5 million.
Finally, the act extends the sunset date from December 31, 2026, to December 31, 2032, unless reauthorized by the General Assembly.
This act is substantially similar to HCS/HBs 2461, 2457 & 1782 (2026) and to a provision in SCS/SB 1547 (2026), and is similar to a provision in CCS/HCS/SB 994 (2026). JOSH NORBERG
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 11Hearing Conducted S Economic and Workforce Development CommitteeLatest
- Jan 15Second Read and Referred S Economic and Workforce Development CommitteeMinor
- Jan 7S First ReadMinor
- 2025
- Dec 1PrefiledIntroduced