Bill > HB1468

This bill modifies existing urban farm tax credit provisions and establishes a new tax credit for grocery stores in food deserts. It expands the urban farm tax credit to include small-scale specialty crop farms located in food deserts, defined as areas with high poverty rates or low median incomes where residents have limited access to full-service grocery stores. For urban farms, the bill increases the maximum tax credit from $5,000 to $10,000 starting in 2026 and allows taxpayers to claim 50% of eligible expenses for establishing or improving urban farms. For small-scale specialty crop farms in rural food deserts (farms no larger than 30 acres growing at least three types of specialty crops), a new tax credit will be available starting in 2026, also allowing taxpayers to claim 50% of eligible expenses up to $10,000. The bill also introduces a new tax credit for grocery stores establishing full-service locations in food deserts, offering a credit of 50% of eligible expenses exceeding $500,000 to $1 million, depending on the county. The total annual tax credits for urban farms and specialty crop farms are capped at $1.5 million each, while grocery store tax credits are limited to $22 million annually. Both programs include provisions for tax credit transferability, recapture, and sunset dates, with the urban farm program set to expire on December 31, 2028, unless reauthorized.

https://house.mo.gov/Bill.aspx?bill=HB1468&year=2025&code=R