Bill > SB129

This bill creates a new tax credit program to support services for homeless individuals in Missouri, effective January 1, 2026. The bill allows eligible taxpayers (including businesses, firms, corporations, and charitable organizations) to claim a tax credit of up to $10,000 per year for providing specific services to homeless persons. The tax credit can be claimed by three types of qualified providers: those offering employment services, those directly employing homeless persons, and those providing housing to homeless individuals. To receive the tax credit, taxpayers must apply to and be certified by the Department of Economic Development, demonstrating they meet specific criteria such as providing job training, offering employment of at least 28 hours per week at minimum wage, or leasing/providing residential housing to homeless persons. The certification is valid for 12 months and can be renewed. The total tax credits available are limited to $1 million per fiscal year, and credits are non-refundable but can be carried forward for up to three years. The program is set to automatically sunset on December 31, 2031, unless reauthorized by the Missouri General Assembly, ensuring periodic review of the tax credit's effectiveness and impact.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=254