Bill > HB3118

This bill modifies provisions related to benevolent tax credits, primarily by increasing the percentage of contributions that businesses can claim as a tax credit for certain approved programs. Specifically, for programs approved under section 32.110, the tax credit amount is raised from fifty percent to seventy percent of the total contribution, with specific provisions for contributions to programs in smaller communities or those addressing special program priorities. The bill also outlines tax credit limitations for affordable housing assistance and market rate housing in distressed communities under sections 32.111 and 32.112, including carryover periods for unused credits and annual dollar limits for these programs, while also introducing a cap on the total tax credits used for market rate housing in distressed communities.

https://house.mo.gov/Bill.aspx?bill=HB3118&year=2026&code=R