FIRSTREGULARSESSION
HOUSEBILLNO.364
103RDGENERALASSEMBLY
INTRODUCEDBYREPRESENTATIVEAMATO.
0283H.02I DANARADEMANMILLER,ChiefClerk
ANACT
Torepealsection135.800,RSMo,andtoenactinlieuthereoftwonewsectionsrelatingtoa
taxcreditforcertaincharitabledonations.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Section135.800,RSMo,isrepealedandtwonewsectionsenactedinlieu
2thereof,tobeknownassections135.640and135.800,toreadasfollows:
135.640.1.Asusedinthissection,thefollowingtermsmean:
2 (1)"Localhospitalfoundation",anyhospitalfoundationthat:
3 (a)IsexemptfromtaxationunderSection501(c)(3)oftheInternalRevenue
4Codeof1986,asamended;and
5 (b)Providesfinancialreliefforunpaidhospitalbillsforservicesprovidedatnot-
6for-profithospitalstoanypersonwhomthefoundationdeemstobeinneedofreliefin
7theareainwhichthetaxpayerclaimingthetaxcreditunderthissectionresides,but
8donationsmadebyaqualifiedtaxpayertosuchfoundationmaybeutilizedbythe
9foundationtosupportprograms,equipmentpurchases,oranyothermannerthe
10foundationdeterminesasnecessarythatalignswiththefoundation'spurposeandgoals;
11 (2)"Qualifiedamount",foranyqualifiedtaxpayerinagiventaxyear,an
12amountequaltofiftypercentofthevalueofthedonationsmadetoalocalhospital
13foundation,totheextentsuchamountwassubtractedfromfederaladjustedgross
14incomeorfederaltaxableincomeisaddedbackintothedeterminationofMissouri
15adjustedgrossincomeorMissouritaxableincomebeforethecreditcanbeclaimed;
16 (3)"Qualifiedtaxpayer",anyindividualsubjecttothestateincometaximposed
17underchapter143whomakesadonationtoalocalhospitalfoundation;
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18 (4)"Taxcredit",acreditagainstthetaxotherwisedueunderchapter143,
19excludingwithholdingtaximposedundersections143.191to143.265.
20 2.ForalltaxyearsbeginningonorafterJanuary1,2026,aqualifiedtaxpayer
21shallbeallowedtoclaimataxcreditagainstthetaxpayer'sstateincometaxliabilityin
22anamountequaltothetaxpayer'squalifiedamount.Eachtaxpayerclaimingatax
23creditunderthissectionshallfileanaffidavitwithhisorherincometaxreturn
24verifyingtheamountofthetaxpayer'sdonations.Theamountofthetaxcreditclaimed
25shallnotexceedtheamountofthetaxpayer'sstateincometaxliabilityforthetaxyear
26thatthecreditisclaimedandshallnotexceedtwothousandfivehundreddollarsper
27taxpayerclaimingthecredit.
28 3.Thecumulativeamountoftaxcreditsallowedtoalltaxpayersunderthis
29sectionshallnotexceedtwomilliondollarspercalendaryear.Iftheamountoftax
30creditsclaimedinacalendaryearunderthissectionexceedstwomilliondollars,tax
31creditsshallbeallowedbasedontheorderinwhichtheyareclaimed.
32 4.Notaxcreditclaimedunderthissectionshallberefundable,buttheunused
33portionofataxcreditthathasbeenclaimedandallowedmaybecarriedforwardtoany
34ofthetaxpayer'sthreesubsequenttaxyears.
35 5.Notaxcreditclaimedunderthissectionshallbeassigned,transferred,sold,or
36otherwiseconveyed.
37 6.Thetaxcreditauthorizedunderthissectionshallconstituteadomesticand
38socialtaxcredit,assuchtermisdefinedundersection135.800,andshallbesubjectto
39theprovisionsofsections135.800to135.830.
40 7.Notwithstandinganyprovisionofsection105.1500tothecontrary,any
41requirementtoprovideinformation,documents,orrecordsunderthissection,andany
42requirementestablishedbythedepartmentofrevenuetoprovideinformation,
43documents,orrecordsforthepurposeofadministeringandenforcingthissection,
44shallbeexemptfromsection105.1500.
45 8.Thedepartmentofrevenueshallpromulgateallnecessaryrulesand
46regulationsfortheadministrationofthissectionincluding,butnotlimitedto,rules
47relatingtotheverificationofataxpayer'squalifiedamount.Anyruleorportionofa
48rule,asthattermisdefinedinsection536.010,thatiscreatedundertheauthority
49delegatedinthissectionshallbecomeeffectiveonlyifitcomplieswithandissubjectto
50alloftheprovisionsofchapter536and,ifapplicable,section536.028.Thissectionand
51chapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly
52pursuanttochapter536toreview,todelaytheeffectivedate,ortodisapproveandannul
53arulearesubsequentlyheldunconstitutional,thenthegrantofrulemakingauthority
54andanyruleproposedoradoptedafterAugust28,2025,shallbeinvalidandvoid.
HB364 2 55 9.Undersection23.253oftheMissourisunsetact:
56 (1)Theprovisionsofthenewprogramauthorizedunderthissectionshall
57automaticallysunsetDecemberthirty-first,sixyearsaftertheeffectivedateofthis
58sectionunlessreauthorizedbyanactofthegeneralassembly;
59 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
60shallautomaticallysunsetDecemberthirty-first,twelveyearsaftertheeffectivedateof
61thereauthorizationofthissection;
62 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
63immediatelyfollowingthecalendaryearinwhichtheprovisionsauthorizedunderthis
64sectionaresunset;and
65 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
66impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
67programauthorizedunderthissectionexpires.
135.800.1.Theprovisionsofsections135.800to135.830shallbeknownandmay
2becitedasthe"TaxCreditAccountabilityActof2004".
3 2.Asusedinsections135.800to135.830,thefollowingtermsmean:
4 (1)"Administeringagency",thestateagencyordepartmentchargedwith
5administeringaparticulartaxcreditprogram,assetforthbytheprogram'senacting
6statute;wherenodepartmentoragencyissetforth,thedepartmentofrevenue;
7 (2)"Agriculturaltaxcredits",theagriculturalproductutilizationcontributortaxcredit
8createdpursuanttosection348.430,thenewgenerationcooperativeincentivetaxcredit
9createdpursuanttosection348.432,thefamilyfarmbreedinglivestockloantaxcreditcreated
10undersection348.505,thequalifiedbeeftaxcreditcreatedundersection135.679,andthe
11wineandgrapeproductiontaxcreditcreatedpursuanttosection135.700;
12 (3)"Businessrecruitmenttaxcredits",thebusinessfacilitytaxcreditcreatedpursuant
13tosections135.110to135.150andsection135.258,theenterprisezonetaxbenefitscreated
14pursuanttosections135.200to135.270,thebusinessuseincentivesforlarge-scale
15developmentprogramscreatedpursuanttosections100.700to100.850,thedevelopmenttax
16creditscreatedpursuanttosections32.100to32.125,therebuildingcommunitiestaxcredit
17createdpursuanttosection135.535,the[film] qualifiedmotionmediaproductionproject
18taxcreditcreatedpursuanttosection135.750,theenhancedenterprisezonecreatedpursuant
19tosections135.950to135.970,andtheMissouriqualityjobsprogramcreatedpursuantto
20sections620.1875to620.1900;
21 (4)"Communitydevelopmenttaxcredits",theneighborhoodassistancetaxcredit
22createdpursuanttosections32.100to32.125,thefamilydevelopmentaccounttaxcredit
23createdpursuanttosections208.750to208.775,thedryfirehydranttaxcreditcreated
HB364 3 24pursuanttosection320.093,andthetransportationdevelopmenttaxcreditcreatedpursuantto
25section135.545;
26 (5)"Domesticandsocialtaxcredits",theyouthopportunitiestaxcreditcreated
27pursuanttosection135.460andsections620.1100to620.1103,theshelterforvictimsof
28domesticviolenceorrapecrisiscentertaxcreditcreatedpursuanttosection135.550,the
29seniorcitizenordisabledpersonpropertytaxcreditcreatedpursuanttosections135.010to
30135.035,theadoptiontaxcreditcreatedpursuanttosections135.325to135.339,the
31championforchildrentaxcreditcreatedpursuanttosection135.341,thematernityhometax
32creditcreatedpursuanttosection135.600,thesurvivingspousetaxcreditcreatedpursuantto
33section135.090,theresidentialtreatmentagencytaxcreditcreatedpursuanttosection
34135.1150,thepregnancyresourcecentertaxcreditcreatedpursuanttosection135.630,the
35foodpantrytaxcreditcreatedpursuanttosection135.647,theresidentialdwellingaccesstax
36creditcreatedpursuanttosection135.562,thedevelopmentaldisabilitycareprovidertax
37creditcreatedundersection135.1180,thesharedcaretaxcreditcreatedpursuanttosection
38192.2015,thehealth,hunger,andhygienetaxcreditcreatedpursuanttosection135.1125,
39[and]thediaperbanktaxcreditcreatedpursuanttosection135.621, andthelocalhospital
40foundationcharitabledonationtaxcreditcreatedundersection135.640;
41 (6)"Entrepreneurialtaxcredits",thecapitaltaxcreditcreatedpursuanttosections
42135.400to135.429,thecertifiedcapitalcompanytaxcreditcreatedpursuanttosections
43135.500to135.529,theseedcapitaltaxcreditcreatedpursuanttosections348.300to
44348.318,thenewenterprisecreationtaxcreditcreatedpursuanttosections620.635to
45620.653,theresearchtaxcreditcreatedpursuanttosection620.1039,thesmallbusiness
46incubatortaxcreditcreatedpursuanttosection620.495,theguaranteefeetaxcreditcreated
47pursuanttosection135.766,andthenewgenerationcooperativetaxcreditcreatedpursuantto
48sections32.105to32.125;
49 (7)"Environmentaltaxcredits",thecharcoalproducertaxcreditcreatedpursuantto
50section135.313,thewoodenergytaxcreditcreatedpursuanttosections135.300to135.311,
51andthealternativefuelstationstaxcreditcreatedpursuanttosection135.710;
52 (8)"Financialandinsurancetaxcredits",thebankfranchisetaxcreditcreated
53pursuanttosection148.030,thebanktaxcreditforScorporationscreatedpursuanttosection
54143.471,theexamfeetaxcreditcreatedpursuanttosection148.400,thehealthinsurance
55pooltaxcreditcreatedpursuanttosection376.975,thelifeandhealthinsuranceguaranty
56associationtaxcreditcreatedpursuanttosection376.745,thepropertyandcasualtyguaranty
57associationtaxcreditcreatedpursuanttosection375.774,andtheself-employedhealth
58insurancetaxcreditcreatedpursuanttosection143.119;
59 (9)"Housingtaxcredits",theneighborhoodpreservationtaxcreditcreatedpursuant
60tosections135.475to135.487,thelow-incomehousingtaxcreditcreatedpursuantto
HB364 4 61sections135.350to135.363,andtheaffordablehousingtaxcreditcreatedpursuantto
62sections32.105to32.125;
63 (10)"Recipient",theindividualorentitywhoboth:
64 (a)Istheoriginalapplicantforataxcredit;and
65 (b)Whodirectlyreceivesataxcreditortherighttotransferataxcreditunderatax
66creditprogram,regardlessastowhetherthetaxcredithasbeenusedorredeemed;arecipient
67shallnotincludethetransfereeofatransferabletaxcredit;
68 (11)"Redevelopmenttaxcredits",thehistoricpreservationtaxcreditcreatedpursuant
69tosections253.545to253.559,thebrownfieldredevelopmentprogramtaxcreditcreated
70pursuanttosections447.700to447.718,thecommunitydevelopmentcorporationstaxcredit
71createdpursuanttosections135.400to135.430,theinfrastructuretaxcreditcreatedpursuant
72tosubsection6ofsection100.286,thebondguaranteetaxcreditcreatedpursuanttosection
73100.297,thedisabledaccesstaxcreditcreatedpursuanttosection135.490,thenewmarkets
74taxcreditcreatedpursuanttosection135.680,andthedistressedareaslandassemblagetax
75creditcreatedpursuanttosection99.1205;
76 (12)"Taxcreditprogram",anyofthetaxcreditprogramsincludedinthedefinitions
77ofagriculturaltaxcredits,businessrecruitmenttaxcredits,communitydevelopmenttax
78credits,domesticandsocialtaxcredits,entrepreneurialtaxcredits,environmentaltaxcredits,
79housingtaxcredits,redevelopmenttaxcredits,andtrainingandeducationaltaxcredits;
80 (13)"Trainingandeducationaltaxcredits",theMissouri[works] onestartnewjobs
81taxcreditandMissouri[works] onestartretainedjobscreditcreatedpursuanttosections
82620.800to620.809.
âś”
HB364 5