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MO HB2955

MO HB2955
authorizes a tax credit for providing services to homeless persons


summary

Introduced
01/13/2026
In Committee
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

authorizes a tax credit for providing services to homeless persons

AI Summary

This bill authorizes a tax credit for taxpayers who provide services to homeless persons, beginning in tax years after January 1, 2027. The "Department" refers to the department of economic development, which will be responsible for certifying taxpayers as "qualified providers" of employment services, employment, or housing to homeless individuals. To be certified, providers of employment services must offer training to help homeless people find jobs, providers of employment must offer jobs of at least 28 hours per week at or above minimum wage to homeless individuals, and providers of housing must lease, rent, or provide free adequate residential housing to homeless individuals. The tax credit is capped at $10,000 per taxpayer per year, and the total amount of tax credits issued statewide will not exceed $1 million per fiscal year. These credits are not refundable or transferable but can be carried forward for up to three years. The program is set to automatically sunset on December 31, 2032, unless reauthorized by the general assembly.

Sponsors (1)

Last Action

Read Second Time (H) (on 01/14/2026)

bill text


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