WeVote
Log In

Bill

Bill

HB 2654

Creates tax credits for certain capital investments

2026 Regular Session Introduced by Sherri Gallick and 1 co-sponsor

Missouri HB 2654 creates tax credits for capital investments to influence business spending and state economic development, with revenue impact dependent on credit scope and eligibility.

Reported Do Pass (H) - AYES: 10 NOES: 0 PRESENT: 0
#businessandcommerce #economicdevelopment #taxcredits
0
WeVote Research Nonpartisan
Bill Summary · HB 2654

Legislative bill overview

HB 2654 establishes tax credits in Missouri for businesses and individuals making certain capital investments. The bill has advanced through House committees with unanimous support. Specific details about which investments qualify, credit amounts, and duration are not provided in the available information.

Why is this important

Tax credits directly reduce tax liability and can influence investment decisions, potentially steering capital toward prioritized sectors. The outcomes depend entirely on which investments are incentivized—credits could support economic development, manufacturing, clean energy, or other policy objectives. This affects both state revenue and business competitiveness.

Potential points of contention

  • Revenue impact unclear: Without knowing credit amounts and eligibility scope, the cost to the state budget is unknown, which could range from minimal to substantial
  • Potential inequity: Tax credits primarily benefit businesses and investors with sufficient tax liability; smaller operations or non-profitable ventures may not benefit equally
  • Specificity of incentives: If credits are narrowly tailored to particular industries or companies, this raises questions about fair competition and whether government should "pick winners"

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

Sign in to ask a question.