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SB 994 MO
Passed Legislature

CCS/HCS/SB 994 - This act modifies provisions relating to taxation. TAX CREDITS This act repeals several expired tax credits, including: 1) Distressed Areas Land Assemblage Tax Credit (Section 99.1205); 2) Charcoal Producers Tax Credit (Section 135.313); 3) Missouri Certified Capital Company Law (Section 135.500 to 135.529); 4) Tax credit for relocating business to distressed communities (Section 135.535); 5) Tax credit for investing in the transportation development of distressed communities (Section 135.545 and 135.546); 6) Qualified Beef Tax Credit (Section 135.679); 7) Qualified Equity Investment Tax Credit (Section 135.680 and 135.682); 8) Grape and Wine Producers Tax Credit (Section 135.700); 9) Alternative Fuel Vehicle Refueling Property and Electric Vehicle Recharging Property Tax Credit (Section 135.710); 10) Small Business Guaranty Fees Tax Credit (Section 135.766); 11) Enhanced Enterprise Zones Program (Section 135.950 to 135.973); 12) Unmet Health, Hunger, and Hygiene Needs of Children in School Tax Credit (Section 135.1125); 13) Higher Education Scholarship Donation Program (Section 173.196); 14) Tax Credit for purchasing dry fire hydrants or providing water storage for dry fire hydrants (Section 320.093); 15) Contributions to Innovation Centers Tax Credit (Section 348.300 to 348.318); 16) Missouri New Enterprise Creation Act (Section 620.635 to 620.653); 17) Missouri Quality Jobs Act (Section 620.1875 to 620.1890); and the 18) Innovation Campus Tax Credit (Section 620.2600). The act also makes several corresponding technical corrections to other tax credits in current law. These provisions are identical to HB 3329 (2026) and to provisions in SB 1188 (2026), and are substantially similar to HCS/HB 3092 (2026) and to provisions in HCS/SS/SB 889 (2026). DONATED FOOD TAX CREDIT Current law authorizes a tax credit for donations of cash or food made to certain organizations, with such credit scheduled to sunset on December 31, 2026. This act extends the sunset date to December 31, 2032. (Section 135.647) This provision is similar to SB 1082 (2026), HCS/HBs 2461, 2457 & 1782 (2026), and to a provision in SCS/SB 1547 (2026). MILITARY INCOME TAX DEDUCTION Current law authorizes an income tax deduction for income received for military service while the taxpayer serves in a combat zone. For all tax years beginning on or after January 1, 2027, this act modifies such deduction to apply to all military income, as defined in the act, regardless of duty status or filing status. (Section 143.121) This provision has a delayed effective date of January 1, 2027. These provisions are identical to HB 3294 (2026). BEGINNING FARMER INCOME TAX DEDUCTION Current law authorizes an income tax deduction for certain income received for the sale or lease of farmland to beginning farmers. This act adds a definition of "taxpayer" to such deduction. (Section 143.121) This provision is substantially similar to SCS/SB 1291 (2026), HB 3324 (2026), SB 682 (2025), and HB 1042 (2025), and to a provision in HCS/SS/SB 67 (2025), HCS/HB 828 (2025), and HCS/SS/SCS/SB 466 (2025). This provision has a delayed effective date of January 1, 2027. TAX RETURNS Current law provides that the date for filing income tax returns shall be the fifteenth day of the fourth month following the close of the taxpayer's taxable year. This act provides that such date shall be the date prescribed for the filing of federal tax returns. (Section 143.511) This provision is substantially similar to a provision in HCS/SS/SB 67 (2025), HCS/SS/SCS/SB 466 (2025), and HCS/HB 828 (2025). Current law requires withholding tax returns to be submitted electronically by employers with at least two hundred fifty employees. Beginning January 1, 2027, this act requires such electronic returns for employers with at least ten employees. (Section 143.591) This provision is identical to HB 1919 (2026) and is substantially similar to SB 1429 (2026). Current law requires a taxpayer to indicate on the taxpayer's return the school district in which the taxpayer is a resident. This act repeals such provision and instead requires the Department of Revenue to submit an annual report to the Department of Elementary and Secondary Education including the average Missouri adjusted gross income per return for the state, as well as the average Missouri adjusted gross income per return for each school district in the state. (Section 143.998) TAX DEFICIENCIES This act provides that if a taxpayer has a state income tax balance due resulting from the full or partial denial of a tax credit, the taxpayer shall not be held liable for any addition to tax, penalty, or interest on such amount of income tax due if the reason for the denial of a tax credit was the cumulative maximum amount of allowable tax credits being exceeded for the tax year, if the balance due is paid or payment arrangements have been made within sixty days of receiving notice of the balance due, and the addition to tax or penalty is not due to fraud or fraudulent intent. (Section 143.512) This provision is substantially similar to SB 1203 (2026) and HB 1771 (2026), and to a provision in HB 2754 (2026), HCS/SS/SB 67 (2025), HCS/SS/SCS/SB 466 (2025), and HCS/HB 828 (2025). This act provides that a taxpayer that has paid a deficiency and any interest, additions to tax, or penalties attributable to such deficiency that is subsequently found to be erroneous, regardless of whether such taxpayer has timely filed a protest with the Director of Revenue, shall be entitled to a refund in the amount of the deficiency and any interest, additions to tax, or penalties attributable to such deficiency that were paid by the taxpayer. Such refund shall be paid as provided in current law. (Section 143.621) This provision is identical to SB 1377 (2026). SEVERABILITY This act contains a severability clause. JOSH NORBERG

MO · session 2026 · Senate · bill

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Introduced Dec 1, 2025

Latest action (May 15, 2026) Prefiled

Summary

CCS/HCS/SB 994 - This act modifies provisions relating to taxation. TAX CREDITS This act repeals several expired tax credits, including: 1) Distressed Areas Land Assemblage Tax Credit (Section 99.1205); 2) Charcoal Producers Tax Credit (Section 135.313); 3) Missouri Certified Capital Company Law (Section 135.500 to 135.529); 4) Tax credit for relocating business to distressed communities (Section 135.535); 5) Tax credit for investing in the transportation development of distressed communities (Section 135.545 and 135.546); 6) Qualified Beef Tax Credit (Section 135.679); 7) Qualified Equity Investment Tax Credit (Section 135.680 and 135.682); 8) Grape and Wine Producers Tax Credit (Section 135.700); 9) Alternative Fuel Vehicle Refueling Property and Electric Vehicle Recharging Property Tax Credit (Section 135.710); 10) Small Business Guaranty Fees Tax Credit (Section 135.766); 11) Enhanced Enterprise Zones Program (Section 135.950 to 135.973); 12) Unmet Health, Hunger, and Hygiene Needs of Children in School Tax Credit (Section 135.1125); 13) Higher Education Scholarship Donation Program (Section 173.196); 14) Tax Credit for purchasing dry fire hydrants or providing water storage for dry fire hydrants (Section 320.093); 15) Contributions to Innovation Centers Tax Credit (Section 348.300 to 348.318); 16) Missouri New Enterprise Creation Act (Section 620.635 to 620.653); 17) Missouri Quality Jobs Act (Section 620.1875 to 620.1890); and the 18) Innovation Campus Tax Credit (Section 620.2600). The act also makes several corresponding technical corrections to other tax credits in current law. These provisions are identical to HB 3329 (2026) and to provisions in SB 1188 (2026), and are substantially similar to HCS/HB 3092 (2026) and to provisions in HCS/SS/SB 889 (2026). DONATED FOOD TAX CREDIT Current law authorizes a tax credit for donations of cash or food made to certain organizations, with such credit scheduled to sunset on December 31, 2026. This act extends the sunset date to December 31, 2032. (Section 135.647) This provision is similar to SB 1082 (2026), HCS/HBs 2461, 2457 & 1782 (2026), and to a provision in SCS/SB 1547 (2026). MILITARY INCOME TAX DEDUCTION Current law authorizes an income tax deduction for income received for military service while the taxpayer serves in a combat zone. For all tax years beginning on or after January 1, 2027, this act modifies such deduction to apply to all military income, as defined in the act, regardless of duty status or filing status. (Section 143.121) This provision has a delayed effective date of January 1, 2027. These provisions are identical to HB 3294 (2026). BEGINNING FARMER INCOME TAX DEDUCTION Current law authorizes an income tax deduction for certain income received for the sale or lease of farmland to beginning farmers. This act adds a definition of "taxpayer" to such deduction. (Section 143.121) This provision is substantially similar to SCS/SB 1291 (2026), HB 3324 (2026), SB 682 (2025), and HB 1042 (2025), and to a provision in HCS/SS/SB 67 (2025), HCS/HB 828 (2025), and HCS/SS/SCS/SB 466 (2025). This provision has a delayed effective date of January 1, 2027. TAX RETURNS Current law provides that the date for filing income tax returns shall be the fifteenth day of the fourth month following the close of the taxpayer's taxable year. This act provides that such date shall be the date prescribed for the filing of federal tax returns. (Section 143.511) This provision is substantially similar to a provision in HCS/SS/SB 67 (2025), HCS/SS/SCS/SB 466 (2025), and HCS/HB 828 (2025). Current law requires withholding tax returns to be submitted electronically by employers with at least two hundred fifty employees. Beginning January 1, 2027, this act requires such electronic returns for employers with at least ten employees. (Section 143.591) This provision is identical to HB 1919 (2026) and is substantially similar to SB 1429 (2026). Current law requires a taxpayer to indicate on the taxpayer's return the school district in which the taxpayer is a resident. This act repeals such provision and instead requires the Department of Revenue to submit an annual report to the Department of Elementary and Secondary Education including the average Missouri adjusted gross income per return for the state, as well as the average Missouri adjusted gross income per return for each school district in the state. (Section 143.998) TAX DEFICIENCIES This act provides that if a taxpayer has a state income tax balance due resulting from the full or partial denial of a tax credit, the taxpayer shall not be held liable for any addition to tax, penalty, or interest on such amount of income tax due if the reason for the denial of a tax credit was the cumulative maximum amount of allowable tax credits being exceeded for the tax year, if the balance due is paid or payment arrangements have been made within sixty days of receiving notice of the balance due, and the addition to tax or penalty is not due to fraud or fraudulent intent. (Section 143.512) This provision is substantially similar to SB 1203 (2026) and HB 1771 (2026), and to a provision in HB 2754 (2026), HCS/SS/SB 67 (2025), HCS/SS/SCS/SB 466 (2025), and HCS/HB 828 (2025). This act provides that a taxpayer that has paid a deficiency and any interest, additions to tax, or penalties attributable to such deficiency that is subsequently found to be erroneous, regardless of whether such taxpayer has timely filed a protest with the Director of Revenue, shall be entitled to a refund in the amount of the deficiency and any interest, additions to tax, or penalties attributable to such deficiency that were paid by the taxpayer. Such refund shall be paid as provided in current law. (Section 143.621) This provision is identical to SB 1377 (2026). SEVERABILITY This act contains a severability clause. JOSH NORBERG

Sponsor (1)

Action history (46)
  1. May 15, 2026 In Conference · upper
  2. May 15, 2026 CCR S offered & withdrawn (4828S05.1SR) · upper
  3. May 14, 2026 H distributes CCR · lower
  4. May 14, 2026 S distributes CCS (4828S.05S) · upper
  5. May 14, 2026 S distributes CCR (4828S05.1SR) · upper
  6. May 14, 2026 Senate conferees appointed: Henderson, Black, Burger, Beck, Nurrenbern · upper
  7. May 14, 2026 House conferees appointed: Laubinger, Amato, Schmidt, Steinhoff, Boykin · lower
  8. May 14, 2026 H refuses to recede and grants conference · lower
  9. May 14, 2026 S conferees allowed to exceed the differences · upper
  10. May 14, 2026 S refuses to concur in HCS, as amended and requests H recede or grant conference · upper
  11. May 13, 2026 H Third Read and Passed · lower
  12. May 13, 2026 HCS, as amended, H adopted (4828H.04C) · lower
  13. May 13, 2026 HA 5 to HCS H offered & adopted (Thompson)--(4828H04.31H) · lower
  14. May 13, 2026 HA 4 to HCS H offered & adopted (Black)--(4828H04.29H) · lower
  15. May 13, 2026 HA 3 to HCS H offered & adopted (McGirl)--(4828H04.33H) · lower
  16. May 13, 2026 HA 2 to HCS H offered & adopted (Amato)--(4828H04.41H) · lower
  17. May 13, 2026 HA 1 to HCS H offered & adopted (Laubinger)--(4828H04.40H) · lower
  18. May 11, 2026 Reported Do Pass H Fiscal Review · lower
  19. May 11, 2026 Voted Do Pass H Fiscal Review · lower
  20. May 7, 2026 Bill Placed on H Informal Calendar · lower
  21. Apr 30, 2026 Referred H Fiscal Review Committee · lower
  22. Apr 29, 2026 HCS Reported Do Pass H Rules - Administrative · lower
  23. Apr 29, 2026 HCS Voted Do Pass H Rules - Administrative · lower
  24. Apr 28, 2026 Referred H Rules - Administrative · lower
  25. Mar 31, 2026 HCS Reported Do Pass H Ways and Means · lower
  26. Mar 30, 2026 HCS Voted Do Pass H Ways and Means · lower
  27. Mar 23, 2026 Executive Session Action postponed H Ways and Means · lower
  28. Mar 10, 2026 Hearing Conducted H Ways and Means · lower
  29. Feb 27, 2026 Referred H Ways and Means · lower
  30. Feb 16, 2026 H Second Read · lower
  31. Feb 12, 2026 H First Read · lower
  32. Feb 12, 2026 S Third Read and Passed · upper
  33. Feb 12, 2026 Reported from S Fiscal Oversight Committee · upper
  34. Feb 12, 2026 Voted Do Pass S Fiscal Oversight Committee · upper
  35. Feb 10, 2026 Referred S Fiscal Oversight Committee · upper
  36. Feb 10, 2026 Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee · upper
  37. Feb 9, 2026 Perfected, as amended · upper
  38. Feb 9, 2026 SA 3 S offered & adopted (Trent)--(4828S01.09S) · upper
  39. Feb 9, 2026 SA 2 S offered & adopted (Beck)--(4828S01.01S) · upper
  40. Feb 9, 2026 SA 1 S offered & adopted (Hudson)--(4828S01.08S) · upper
  41. Jan 29, 2026 Reported from S Economic and Workforce Development Committee · upper
  42. Jan 28, 2026 Voted Do Pass S Economic and Workforce Development Committee · upper
  43. Jan 21, 2026 Hearing Conducted S Economic and Workforce Development Committee · upper
  44. Jan 8, 2026 Second Read and Referred S Economic and Workforce Development Committee · upper
  45. Jan 7, 2026 S First Read · upper
  46. Dec 1, 2025 Prefiled · upper

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