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HB 2955

authorizes a tax credit for providing services to homeless persons

2026 Regular Session Introduced by Marty Murray

Missouri HB 2955 creates a state tax credit to incentivize nonprofits and others to provide services to homeless persons, expanding housing, health, and support access.

Referred: Emerging Issues(H)
#economicdevelopment #departmentof #housing #taxcredits
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Bill Summary · HB 2955

Overview

HB 2955 (2026, Missouri) proposes a state tax credit for providing services to homeless persons. The bill is designed to incentivize organizations and individuals to deliver direct assistance and supportive services to help homeless Missourians obtain housing, stability, and related supports.

Main purpose and intent

  • Create a tax credit to encourage charitable and service activities aimed at assisting homeless individuals.
  • Recognize and reward providers of services that address homelessness, with the goal of increasing access to housing, case management, transportation, healthcare, job support, and other supportive programs.
  • Leverage private and nonprofit resources to augment public efforts in addressing homelessness.

Key provisions and changes

  • Tax Credit Eligibility
    • Establishes a new tax credit program for entities that provide services to homeless persons.
    • Likely limits eligibility to certain taxpayers (e.g., individuals, corporations, or nonprofits) that incur qualified expenditures or provide qualifying services to homeless people.
  • Qualified Services and Expenditures
    • Defines the types of services and program activities that qualify for the credit (e.g., case management, emergency shelter support, housing placement assistance, health services coordination, transportation, job readiness programs, and related social services).
    • May specify whether the credit applies to direct service costs, administrative costs, or both.
  • Credit Amount and Limitations
    • Sets the amount of the credit (e.g., a percentage of qualified expenditures or a per-client credit) and any annual or lifetime caps.
    • Establishes ordering rules, carryforward provisions, or refundable/nonrefundable status as applicable.
  • Redeemability and Taxable Entities
    • Specifies how the credit can be claimed on state income tax returns or other Missouri tax instruments.
    • Addresses applicability to individual and/or corporate taxpayers, as well as nonprofit entities with tax obligations.
  • Reporting and Compliance
    • Requires reporting to the Department of Revenue (or equivalent agency) on qualified activities, expenditures, and outcomes.
    • Imposes documentation requirements to substantiate eligibility (e.g., service logs, client reach, outcomes, and certifications of service providers).
  • Relationship to Other Programs
    • Clarifies interaction with existing homelessness programs, federal funding, and other state incentives.
    • May limit duplicative benefits or align with broader homelessness strategy.

Who would be affected

  • Service providers: Nonprofits, faith-based organizations, and possibly for-profit social enterprises that deliver services to homeless individuals.
  • Taxpayers: Individuals and businesses that incur eligible expenditures or provide qualifying services, who would be eligible for the new tax credit.
  • State revenue department: Required to administer, verify, and report on the credit usage, compliance, and outcomes.
  • Homeless population: Indirect beneficiaries through expanded services, potential increased access to housing support, health care, and case management.

Procedural and timeline aspects

  • Introduction and First Reading: January 13, 2026.
  • Second Reading: January 14, 2026.
  • Referred to Committee: Emerging Issues (H) on May 15, 2026.
  • Next steps (typical): Committee hearings, potential amendments, votes in the chamber, and passage to the opposite chamber, followed by considerations of the other legislative body and final approval.
  • Effective date: Not specified in the provided summary; typical bills specify an effective date upon passage or delayed start date.

Potential implications

  • Encourages private funding and in-kind support for homelessness interventions.
  • May shift some cost burden from public programs to private beneficiaries if credits sufficiently incentivize donations and service delivery.
  • Requires robust reporting to demonstrate impact and justify tax benefits, potentially improving data on homelessness-related interventions.

Note: The summary reflects the bill’s stated purpose and the typical structure of such tax-credit proposals. For precise definitions (qualified services, credit amount, caps, eligibility), and enacted provisions, refer to the official bill text and any committee amendments.

Compiled from official sources — confirm details with the bill’s official record.

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