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Tax Credits for Affordable Housing, Nonprofits at Risk
Дата публикации: 04-03-2026 23:13:51
Missouri lawmakers are considering swapping out the income tax for a greatly expanded sales tax. This proposal would put affordable housing and non-profits at risk by eliminating key sources of funding for community development and investment. Many tax credits in Missouri serve important policy goals, like promoting affordable housing and economic development, or allowing nonprofits to leverage donations to further support the critical services they provide Missourians. These tax credits are subtracted from the taxes owed by donors, which incentivize individuals and businesses to support and improve their local communities. But eliminating the individual income tax would significantly diminish – or in some cases eliminate – these critical tax credits. In fiscal year 2025, nearly $600 million in tax credits were redeemed through the individual income tax system – that is 62% of all tax credit redemptions in Missouri. The Primary Tax Credits Impacting Community Investment in Missouri Include: Click here to see the full analysis table showing how all of Missouri’s tax credits might be affected by eliminating the income tax.
The post Tax Credits for Affordable Housing, Nonprofits at Risk first appeared on Missouri Budget Project.
Основное содержимое страницы с новостью.
Missouri lawmakers are considering swapping out the income tax for a greatly expanded sales tax. This proposal would put affordable housing and non-profits at risk by eliminating key sources of funding for community development and investment.
Many tax credits in Missouri serve important policy goals, like promoting affordable housing and economic development, or allowing nonprofits to leverage donations to further support the critical services they provide Missourians. These tax credits are subtracted from the taxes owed by donors, which incentivize individuals and businesses to support and improve their local communities.
But eliminating the individual income tax would significantly diminish – or in some cases eliminate – these critical tax credits. In fiscal year 2025, nearly $600 million in tax credits were redeemed through the individual income tax system – that is 62% of all tax credit redemptions in Missouri.
The Primary Tax Credits Impacting Community Investment in Missouri Include:
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