Bill > HB2461

This bill modifies the existing "Donated Food" tax credit program in Missouri, expanding its scope and adjusting its parameters. The bill introduces a new definition for "food bank" and updates provisions for tax credits related to food donations. Starting January 1, 2026, the bill increases the potential tax credit percentage from 50% to 70% of donated value for taxpayers who contribute to local food pantries, soup kitchens, homeless shelters, and now explicitly includes food banks. The total annual tax credit allocation will increase from $1.75 million to $2.75 million, with an additional $1.25 million specifically allocated for food bank donations. Taxpayers can claim up to $2,500 in credits per tax year, with the ability to carry forward unused credits for up to three subsequent years. The bill also includes provisions to ensure fairness in credit allocation if the total claimed credits exceed the annual limit, and provides protection for taxpayers if a partial credit denial results in a tax balance. The program is set to expire on December 31, 2032, unless reauthorized by the state legislature, and maintains existing requirements that donors must be authorized to work in the United States and cannot transfer or sell their credits.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HB2461&year=2026&code=R