Bill > HB594

This bill makes several modifications to Missouri's tax laws across multiple areas. It introduces new provisions for sales taxes in counties and cities, adjusts property tax credits for seniors, modifies income tax calculations, creates tax exemptions for specific goods and services, and updates regulations for ambulance and fire protection districts. Key changes include creating a sales tax exemption for diapers, feminine hygiene products, and incontinence products; expanding property tax credits for seniors with new income thresholds and inflation adjustments; providing a full exemption for capital gains income starting in 2025; allowing certain counties to impose additional sales taxes for law enforcement services; creating a sales tax exemption for machinery and equipment used to provide broadband communications services; and modifying how ambulance and fire protection districts can levy sales taxes. The bill also includes technical provisions about how these taxes will be collected, reported, and administered, with specific provisions tailored to different sizes and types of counties and cities in Missouri. These changes aim to provide tax relief, support local services, and create new economic incentives for specific industries and demographic groups.

Budget and Finance, Business and Industry, Government Affairs, Justice

https://house.mo.gov/Bill.aspx?bill=HB594&year=2025&code=R