HB2215

Missouri HB2215 allows a tax deduction for tangible personal property taxes paid by qualified taxpayers.

Missouri HB2215 introduces a tax deduction for tangible personal property taxes paid by qualified taxpayers. This deduction applies to taxes paid during the tax year for which the deduction is claimed. The deduction is limited to the actual amounts paid, excluding special assessments, penalties, interest, charges, fees, or other additional amounts. The deduction is available for tax years beginning on or after January 1, 2027. The program will sunset six years after its effective date unless reauthorized by the general assembly.