Missouri 2026 Regular Session Status: Passed Senate

SB 994 — Modifies provisions relating to taxation

Last action — CCR S offered & withdrawn (4828S05.1SR)

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the Senate. Introduced December 01, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the House.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • Passed Senate

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill modifies various tax provisions, affecting credits, deductions, and filing requirements.

The bill repeals several expired tax credits and extends certain tax credits related to food donations and military income. It also updates income tax filing dates and requirements for tax returns.

What this means for you
  • Workers: This means better tax deductions for military service members and potential benefits for taxpayers with denied credits.

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

Bill Text

What changed in the latest version

493 added · 418 removed

Plain-language change summary

The amendment to Bill SB 994 involves the repeal of several existing sections related to the filing of income tax returns and introduces new sections that modify how Missouri adjusted gross income is calculated. Notably, the language regarding federal income tax refunds has been clarified. The change ensures that taxpayers do not have to add certain federal income tax refunds back to their Missouri income if those refunds are related to specific federal tax credits. This matters because it could result in a lower taxable income for taxpayers, potentially leading to reduced tax liability in Missouri.

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4828S01.08S SENATE AMENDMENT NO.
SECOND REGULAR SESSION [PERFECTED] SENATE BILLNO.
___ Offered by Of Amend Senate Bill No.
994 103RD GENERALASSEMBLY INTRODUCED BY SENATOR HENDERSON.
994 , Page 1 , Section A , Line 3 , by inserting after all of said line the following:
4828S.01P KRISTINAMARTIN, Secretary ANACT To repeal sections 143.121, 143.511, 143.621, and 143.971, RSMo, and to enact in lieu thereof five new sections relating to the filing of income tax returns.
"143.121.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A.
Sections 143.121, 143.511, 143.621, and 143.971, RSMo, are repealed and five new sections enacted in lieu thereof, to be known as sections 143.121, 143.511, 143.512, 143.621, and 143.971, to read as follows:
143.121.
The amount added under this subdivision shall also not include any amount of a federal income tax refund attributable to a tax credit reducing a taxpayer's federal tax liability under any other federal law that provides direct economic impact payments to taxpayers to mitigate financial challenges related to the COVID-19 pandemic, and deducted from Missouri adjusted gross income under section 143.171;
EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted and is intended to be omitted in the law.
4828S01.08S (2) Interest on certain governmental obligations excluded from federal gross income by 26 U.S.C.
SB 994 2 The amount added under this subdivision shall also not include any amount of a federal income tax refund attributable to a tax credit reducing a taxpayer's federal tax liability under any other federal law that provides direct economic impact payments to taxpayers to mitigate financial challenges related to the COVID-19 pandemic, and deducted from Missouri adjusted gross income under section 143.171;
(2) Interest on certain governmental obligations excluded from federal gross income by 26 U.S.C.
(4) The amount of any deduction that is included in the computation of federal taxable income for net operating loss allowed by 26 U.S.C.
SB 994 3 (4) The amount of any deduction that is included in the computation of federal taxable income for net operating loss allowed by 26 U.S.C.
Any amount of net 4828S01.08S operating loss taken against federal taxable income but disallowed for Missouri income tax purposes pursuant to this subdivision after June 18, 2002, may be carried forward and taken against any income on the Missouri income tax return for a period of not more than twenty years from the year of the initial loss;
Any amount of net operating loss taken against federal taxable income but disallowed for Missouri income tax purposes pursuant to this subdivision after June 18, 2002, may be carried forward and taken against any income on the Missouri income tax return for a period of not more than twenty years from the year of the initial loss;
Section 163, as amended, in the current taxable year by reason of the carryforward of disallowed business interest provisions of 26 U.S.C.
Section 163, as amended, in the current taxable year by reason of the carryforward of disallowed business interest SB 994 4 provisions of 26 U.S.C.
(1) Interest received on deposits held at a federal reserve bank or interest or dividends on obligations of the 4828S01.08S United States and its territories and possessions or of any authority, commission or instrumentality of the United States to the extent exempt from Missouri income taxes pursuant to the laws of the United States.
(1) Interest received on deposits held at a federal reserve bank or interest or dividends on obligations of the United States and its territories and possessions or of any authority, commission or instrumentality of the United States to the extent exempt from Missouri income taxes pursuant to the laws of the United States.
If a gain is considered a long-term capital gain for federal income tax purposes, the modification shall be limited to one-half of such portion of the gain;
If a gain is considered a long-term capital gain for federal income tax SB 994 5 purposes, the modification shall be limited to one-half of such portion of the gain;
4828S01.08S (4) Accumulation distributions received by a taxpayer as a beneficiary of a trust to the extent that the same are included in federal adjusted gross income;
(4) Accumulation distributions received by a taxpayer as a beneficiary of a trust to the extent that the same are included in federal adjusted gross income;
(8) For all tax years beginning on or after January 1, 2005, the amount of any income received for military service while the taxpayer serves in a combat zone which is included in federal adjusted gross income and not otherwise excluded therefrom.
(8) For all tax years beginning on or after January 1, 2005, the amount of any income received for military service while the taxpayer serves in a combat zone which is included in federal adjusted gross income and not otherwise excluded SB 994 6 therefrom.
4828S01.08S (9) For all tax years ending on or after July 1, 2002, with respect to qualified property that is sold or otherwise disposed of during a taxable year by a taxpayer and for which an additional modification was made under subdivision (3) of subsection 2 of this section, the amount by which additional modification made under subdivision (3) of subsection 2 of this section on qualified property has not been recovered through the additional subtractions provided in subdivision (7) of this subsection;
(9) For all tax years ending on or after July 1, 2002, with respect to qualified property that is sold or otherwise disposed of during a taxable year by a taxpayer and for which an additional modification was made under subdivision (3) of subsection 2 of this section, the amount by which additional modification made under subdivision (3) of subsection 2 of this section on qualified property has not been recovered through the additional subtractions provided in subdivision (7) of this subsection;
(h) Livestock Risk Protection Insurance Plan;
SB 994 7 (h) Livestock Risk Protection Insurance Plan;
4828S01.08S (12) One hundred percent of any retirement benefits received by any taxpayer as a result of the taxpayer's service in the Armed Forces of the United States, including reserve components and the National Guard of this state, as defined in 32 U.S.C.
(12) One hundred percent of any retirement benefits received by any taxpayer as a result of the taxpayer's service in the Armed Forces of the United States, including reserve components and the National Guard of this state, as defined in 32 U.S.C.
and (b) For all tax years beginning on or after January first of the tax year following the tax year in which the top rate of tax imposed pursuant to section 143.011 is equal to or less than four and one-half percent, one hundred percent of all income reported as a capital gain for federal income tax purposes by an entity subject to tax pursuant to section 143.071;
and (b) For all tax years beginning on or after January first of the tax year following the tax year in which the top rate of tax imposed pursuant to section 143.011 is equal to or less than four and one-half percent, one hundred percent of all income reported as a capital gain for federal SB 994 8 income tax purposes by an entity subject to tax pursuant to section 143.071;
4828S01.08S 5.
5.
(2) In addition to the subtractions in subsection 3 of this section, one hundred percent of the amount of qualified health insurance premiums shall be subtracted from the taxpayer's federal adjusted gross income to the extent the amount paid for such premiums is included in federal taxable income.
(2) In addition to the subtractions in subsection 3 of this section, one hundred percent of the amount of qualified health insurance premiums shall be subtracted from the taxpayer's federal adjusted gross income to the extent the amount paid for such premiums is included in federal taxable SB 994 9 income.
(1) Beginning January 1, 2014, in addition to the subtractions provided in this section, one hundred percent of the cost incurred by a taxpayer for a home energy audit conducted by an entity certified by the department of natural resources under section 640.153 or the implementation of any energy efficiency recommendations made in such an audit shall be subtracted from the taxpayer's federal adjusted gross income to the extent the amount paid for any such activity is included in federal taxable 4828S01.08S income.
(1) Beginning January 1, 2014, in addition to the subtractions provided in this section, one hundred percent of the cost incurred by a taxpayer for a home energy audit conducted by an entity certified by the department of natural resources under section 640.153 or the implementation of any energy efficiency recommendations made in such an audit shall be subtracted from the taxpayer's federal adjusted gross income to the extent the amount paid for any such activity is included in federal taxable income.
If implementation of the energy efficiency recommendations occurred during more than one year, the deduction may be claimed in more than one year, subject to the limitations provided under subdivision (2) of this subsection.
If implementation of the energy efficiency recommendations occurred during more than one year, the deduction may be SB 994 10 claimed in more than one year, subject to the limitations provided under subdivision (2) of this subsection.
4828S01.08S a.
a.
or c.
or SB 994 11 c.
(2) (a) In addition to all other subtractions authorized in this section, a taxpayer who is a farm owner 4828S01.08S who sells all or a portion of such farmland to a beginning farmer may subtract from such taxpayer's Missouri adjusted gross income an amount to the extent included in federal adjusted gross income as provided in this subdivision.
(2) (a) In addition to all other subtractions authorized in this section, a taxpayer who is a farm owner who sells all or a portion of such farmland to a beginning farmer may subtract from such taxpayer's Missouri adjusted gross income an amount to the extent included in federal adjusted gross income as provided in this subdivision.
c.
SB 994 12 c.
Such report shall be submitted before February first of each year to the committee on agriculture policy of the Missouri house of representatives and the committee on agriculture, food 4828S01.08S production and outdoor resources of the Missouri senate, or the successor committees.
Such report shall be submitted before February first of each year to the committee on agriculture policy of the Missouri house of representatives and the committee on agriculture, food production and outdoor resources of the Missouri senate, or the successor committees.
(c) No taxpayer shall subtract more than twenty-five thousand dollars per tax year in total cash rent income received from the lease or rental of such farmland under this subdivision.
SB 994 13 (c) No taxpayer shall subtract more than twenty-five thousand dollars per tax year in total cash rent income received from the lease or rental of such farmland under this subdivision.
4828S01.08S (c) No taxpayer shall subtract more than twenty-five thousand dollars per tax year in total income received from the lease or rental of such farmland under this subdivision.
(c) No taxpayer shall subtract more than twenty-five thousand dollars per tax year in total income received from the lease or rental of such farmland under this subdivision.
(5) The department of agriculture shall, by rule, establish a process to verify that a taxpayer is a beginning farmer for purposes of this section and shall provide verification to the beginning farmer and farm seller of such farmer's and seller's certification and qualification for the exemption provided in this subsection.";
(5) The department of agriculture shall, by rule, establish a process to verify that a taxpayer is a beginning farmer for purposes of this section and shall provide verification to the beginning farmer and farm seller of such farmer's and seller's certification and qualification for the exemption provided in this subsection.
and Further amend the title and enacting clause accordingly.
143.511.
13
Income tax returns required by [sections 143.011 to 143.996] this chapter shall be filed on or before the [fifteenth day of the fourth month following the close of the taxpayer's taxable year except where the taxpayer is an exempt organization.
Exempt organizations shall have the same due date as set by the Internal Revenue Code of 1986, as amended] date prescribed by 26 U.S.C.
6072 for the filing SB 994 14 of returns for federal tax purposes.
If such date is modified for any reason, the date for filing income tax returns required by this chapter shall also be changed to such date.
A person required to make and file a return under [sections 143.011 to 143.996] this chapter shall, without assessment, notice, or demand, pay any tax due thereon to the director of revenue on or before the date fixed for filing such return (determined without regard to any extension of time for filing the return).
The director of revenue shall prescribe by regulation the place for filing any return, declaration, statement, or other document required pursuant to this chapter and for the payment of any tax.
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143.512.
In the event a taxpayer is denied part or all of a tax credit to which the taxpayer has qualified pursuant to any provision of law due to lack of available funds, and such denial causes a balance-due notice to be generated by the department of revenue or any other redeeming agency, a taxpayer shall not be held liable for any penalty or interest on such balance due, provided the balance is paid or approved payment arrangements have been made within sixty days from the notice of denial.
Any payments not timely made pursuant to this section shall be subject to penalty and interest pursuant to this chapter.
143.621.
1.
Sixty days after the date on which it was mailed (one hundred fifty days if the taxpayer is outside the United States), a notice of deficiency shall constitute a final assessment of the amount of tax specified together with interest, additions to tax, and penalties except only for such amounts as to which the taxpayer has filed a protest with the director of revenue.
SB 994 15 2.
Notwithstanding the provisions of subsection 1 of this section to the contrary, 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 sections 143.781 to 143.841.
143.971.
1.
(1) The director of revenue may prescribe the form and contents of any return or other document required to be filed under the provisions of sections 143.011 to 143.996.
(2) Notwithstanding any provision of law to the contrary, the form of return required by this chapter for any tax year beginning on or after January 1, 2026, shall indicate the name of the public school district in which the taxpayer resides.
2.
The director of revenue for the purpose of ascertaining the correctness of any return, or for the purpose of making an estimate of taxable income of any person, shall have power to examine or to cause to have examined, by any agent or representative designated by him for that purpose, any books, papers, records, or memoranda bearing upon the matters required to be included in the return, and may require the attendance of the person rendering the return or any officer or employee of such person, or the attendance of any other person having knowledge in the premises, and may take testimony and require proof material for his information, with power to administer oaths to such person or persons.
SB 994 16 3.
Reports and returns required to be filed under sections 143.011 to 143.996 shall be preserved for four years and thereafter until the director of revenue orders them to be destroyed.
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Action History

  1. CCR S offered & withdrawn (4828S05.1SR)

  2. In Conference

  3. S refuses to concur in HCS, as amended and requests H recede or grant conference

  4. S conferees allowed to exceed the differences

  5. H refuses to recede and grants conference

  6. House conferees appointed: Laubinger, Amato, Schmidt, Steinhoff, Boykin

  7. Senate conferees appointed: Henderson, Black, Burger, Beck, Nurrenbern

  8. S distributes CCR (4828S05.1SR)

  9. S distributes CCS (4828S.05S)

  10. H distributes CCR

  11. HA 1 to HCS H offered & adopted (Laubinger)--(4828H04.40H)

  12. HA 2 to HCS H offered & adopted (Amato)--(4828H04.41H)

  13. HA 3 to HCS H offered & adopted (McGirl)--(4828H04.33H)

  14. HA 4 to HCS H offered & adopted (Black)--(4828H04.29H)

  15. HA 5 to HCS H offered & adopted (Thompson)--(4828H04.31H)

  16. HCS, as amended, H adopted (4828H.04C)

  17. H Third Read and Passed

  18. Voted Do Pass H Fiscal Review

  19. Reported Do Pass H Fiscal Review

  20. Bill Placed on H Informal Calendar

  21. Referred H Fiscal Review Committee

  22. HCS Voted Do Pass H Rules - Administrative

  23. HCS Reported Do Pass H Rules - Administrative

  24. Referred H Rules - Administrative

  25. HCS Reported Do Pass H Ways and Means

  26. HCS Voted Do Pass H Ways and Means

  27. Executive Session Action postponed H Ways and Means

  28. Hearing Conducted H Ways and Means

  29. Referred H Ways and Means

  30. H Second Read

  31. Voted Do Pass S Fiscal Oversight Committee

  32. Reported from S Fiscal Oversight Committee

  33. S Third Read and Passed

  34. H First Read

  35. Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee

  36. Referred S Fiscal Oversight Committee

  37. SA 1 S offered & adopted (Hudson)--(4828S01.08S)

  38. SA 2 S offered & adopted (Beck)--(4828S01.01S)

  39. SA 3 S offered & adopted (Trent)--(4828S01.09S)

  40. Perfected, as amended

  41. Reported from S Economic and Workforce Development Committee

  42. Voted Do Pass S Economic and Workforce Development Committee

  43. Hearing Conducted S Economic and Workforce Development Committee

  44. Second Read and Referred S Economic and Workforce Development Committee

  45. S First Read

  46. Prefiled

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 198 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (198)

198 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

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taxation
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Frequently asked questions

What does SB 994 do?
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
Who sponsors SB 994?
SB 994 is sponsored by Mike Henderson.
What is the current status of SB 994?
This bill has passed the Senate. Introduced December 01, 2025. It now moves to the second chamber.
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