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SB 1701 MO

SB 1701 - For all tax years beginning on or after January 1, 2027, this act authorizes a taxpayer to claim a tax credit in an amount not to exceed $125 for a qualified pet adoption, provided that no more than two such tax credits shall be claimed in a tax year. Tax credits authorized by the act shall be refundable. The total amount of tax credits that may be authorized in a calendar year shall not exceed $500,000. This act shall sunset on August 28, 2032, unless reauthorized by the General Assembly. This act is identical to SB 1704 (2026) and HB 2731 (2026). JOSH NORBERG

MO · session 2026 · Senate · bill

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Introduced Feb 23, 2026

Latest action (May 7, 2026) S First Read

Summary

This act establishes a refundable tax credit for Missouri taxpayers who adopt qualified pets, effective for tax years beginning January 1, 2027. Taxpayers may claim a tax credit of up to $125 per qualified pet adoption, with a maximum of two credits per tax year. The total amount of credits authorized statewide cannot exceed $500,000 per calendar year. The tax credit expires on August 28, 2032, unless the General Assembly reauthorizes it.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

SB 1701 - For all tax years beginning on or after January 1, 2027, this act authorizes a taxpayer to claim a tax credit in an amount not to exceed $125 for a qualified pet adoption, provided that no more than two such tax credits shall be claimed in a tax year. Tax credits authorized by the act shall be refundable. The total amount of tax credits that may be authorized in a calendar year shall not exceed $500,000. This act shall sunset on August 28, 2032, unless reauthorized by the General Assembly. This act is identical to SB 1704 (2026) and HB 2731 (2026). JOSH NORBERG

Sponsor (1)

Action history (2)

  1. May 7, 2026 Second Read and Referred S Economic and Workforce Development Committee · upper
  2. Feb 23, 2026 S First Read · upper

Full text

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