Bill > HB3337

This bill establishes a new tax credit for individuals in Missouri who install qualified residential solar property, which includes solar panels and related equipment used to generate electricity from sunlight on their homes, provided it also qualifies for the federal residential energy property tax credit. A "qualified taxpayer" is an individual subject to Missouri income tax who makes these expenditures. The tax credit amounts will increase over time, starting at thirty percent of expenditures for tax years 2027 through 2032, then rising to thirty-five percent for 2033, and finally to forty percent for tax years beginning in 2034. Importantly, these tax credits are refundable, meaning the state will issue a refund if the credit exceeds the tax owed, but they cannot be carried forward to future tax years or transferred to another person. The Department of Revenue will create rules to administer this program, and the provisions of this new tax credit will automatically expire six years after its effective date unless the General Assembly reauthorizes it.

https://house.mo.gov/Bill.aspx?bill=HB3337&year=2026&code=R