Modifies provisions relating to tax credits

PROGRAM SUNSETS This act adds a sunset date of August 28, 2032, to the following tax credits and programs:

1. Neighborhood Assistance Act (Section 32.125) 2. MDFB loan security and contribution tax credit (Section 100.286) 3. Jobs Now Act (Section 100.293) 4. Business Use Incentives for Large-Scale Development (BUILD) (Section 100.850) 5. Investments in Missouri Small Businesses (Section 135.432) 6. Youth Opportunities and Violence Prevention (Section 135.460) 7. Rehabilitation and Construction of Residences in Distressed Communities (Section 135.487) 8. Small Business Expenditures for ADA Access (Section 135.490) 9. Community-Based Faculty Preceptor (Section 135.690) 10. Residential Treatment Agency Tax Credit (Section 135.1150) 11. Developmental Disability Care Provider (Section 135.1180) 12. Bank S Corporation Tax Credit (Section 143.471) 13. Shared Care Tax Credit (Section 192.2015) 14. Family Development Account Contribution Tax Credit (Section 208.770) 15. Family Farms Act Tax Credit (Section 348.505) 16. Abandoned Property Tax Credit (Section 447.708)

This act adds a sunset date of August 28, 2029, to the following tax credits and programs:

1. Missouri Working Family Tax Credit (Section 143.177)

TAX CREDIT ADMINISTERING AGENCIES This act transfers the administering agency for the following tax credits:

1. Surviving Spouses of Public Safety Officers, to the Department of Public Safety (Section 135.090) 2. Adoption Tax Credit Act, to the Department of Social Services (Sections 135.326 and 135.339) 3. Champion for Children, to the Department of Social Services (Section 135.341) 4. Small Business Expenditures for ADA Access, to the Department of Economic Development (Section 135.490) 5. Residential Renovations for Disability, to the Department of Economic Development (Section 135.562) 6. Donated Food, to the Department of Social Services (Section 135.647) 7. High Ethanol Blend Retailer Tax Credit, to the Department of Agriculture (Section 135.772) 8. Biodiesel Blend Retailer Tax Credit, to the Department of Agriculture (Section 135.775) 9. Biodiesel Producer Tax Credit, to the Department of Agriculture (Section 135.778)

TAX CREDIT ANNUAL LIMITS For the following tax credits, beginning with FY 2027, the act applies an annual limit on the amount of tax credits that may be issued in a fiscal year. The limit shall be equal to the highest amount of tax credits issued for such tax credit during FY 2024-2026 period:

1. Surviving Spouses of Public Safety Officers, to the Department of Public Safety (Section 135.090) 2. New or Expanded Business Facility (Section 135.110) 3. Small Business Expenditures for ADA Access (Section 135.490) 4. Residential Treatment Agency Tax Credit (Section 135.1150) 5. Developmental Disability Care Provider (Section 135.1180) 6. Self-employed Health Insurance Tax Credit (Section 143.119) 7. Bank S Corporation Tax Credit (Section 143.471) 8. Shared Care Tax Credit (Section 192.2015) 9. Abandoned Property Tax Credit (Section 447.708)

For the following tax credits, beginning January 1, 2028, the act applies an annual limit on the amount of tax credits that may be issued in a calendar year. The limit shall be equal to the highest amount of tax credits issued for such tax credit during FY 2025-2027 period:

1. Missouri Working Family Tax Credit (Section 143.177)

TAX CREDIT APPROPRIATIONS (Section 135.835) For all tax years beginning on or after January 1, 2027, this act places a maximum three year carry-forward on all tax credit programs. Additionally, the act subjects all tax credits to appropriations, with the following exceptions:

1. Low-Income Housing Tax Credit (Section 135.352) 2. Show MO Act (Section 135.750) 3. Self-employed Health Insurance Tax Credit (Section 143.119) 4. Missouri Working Family Tax Credit (Section 143.177) 5. SALT Parity Tax Credit (Section 143.436) 6. Bank S Corporation Tax Credit (Section 143.471) 7. Bank Franchise Tax Credit (Section 148.030)

REPEAL OF TAX CREDITS This act repeals the following tax credit programs:

1. Distressed Areas Land Assemblage Tax Credit (Section 99.1205) 2. Charcoal Producers Tax Credit (Section 135.313) 3. Missouri Certified Capital Company Law (Sections 135.500 to 135.529) 4. Distressed Community Tax Credits (Sections 135.535 to 135.546) 5. Qualified Beef Tax Credit (Section 135.679) 6. Qualified Equity Investment Tax Credit (Sections 135.680 and 135.682) 7. Wine and Grape Production Tax Credit (Section 135.700) 8. Alternative Fuel Vehicle Refueling Property Tax Credit (Section 135.710) 9. Small Business Guaranty Fee Tax Credit (Section 135.766) 10. Enhanced Enterprise Zones (Sections 135.950 to 135.973) 11. Unmet Health, Hunger, and Hygiene Needs of Children in School Tax Credit (Section 135.1125) 12. Higher Education Scholarship Donation Tax Credit (Section 173.196) 13. Dry Fire Hydrant Tax Credit (Section 320.093) 14. Innovation Center Contribution Tax Credit (Sections 348.300 to 348.318) 15. New Enterprise Creation Act (Sections 620.635 to 620.653) 16. Missouri Quality Jobs Act (Sections 620.1875 to 620.1890) 17. Innovation Campus Tax Credit (Section 620.2600) JOSH NORBERG