Bill > SB1044

This bill establishes a tax credit program designed to incentivize businesses and organizations that provide services, employment, or housing to homeless individuals. Specifically, the bill creates a tax credit of up to $10,000 per year for eligible taxpayers who are certified as qualified providers of employment services, employment, or housing to homeless persons. To qualify, organizations must meet specific criteria: employment service providers must offer training and job-seeking services tailored to homeless individuals; employment providers must offer at least 28 hours of work per week at minimum wage or higher; and housing providers must lease, rent, or provide free income-based residential housing to homeless persons. The department of economic development will be responsible for creating guidelines, reviewing applications, and certifying providers. The total tax credits available will be limited to $1 million per fiscal year, and credits can be carried forward for up to three years but are not refundable or transferable. The program is set to automatically sunset on December 31, 2032, unless reauthorized by the Missouri General Assembly, and will be available for tax years beginning on or after January 1, 2027.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=640