HOUSE BILL NO. 3359 103RD GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE RIGGS.
6742H.01I JOSEPH ENGLER, Chief Clerk
AN ACT To amend chapter 135, RSMo, by adding thereto one new section relating to tax credits for certain charitable donations.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 135, RSMo, is amended by adding thereto one new section, to be 2 known as section 135.655, to read as follows: 135.655. 1. This section shall be known and may be cited as the "STEAM and 2 Robotics Workforce Development and Innovation Act of 2026". 3 2. As used in this section, the following terms mean: 4 (1) "Department", the department of economic development; 5 (2) "Eligible donation", cash; the fair market value of donations of software, 6 hardware, tools, supplies, materials, or curriculum; or the imputed monetary value of 7 services rendered in the form of employee hours donated to such programs, up to a 8 maximum of two hundred donated hours per year per taxpayer. The monetary value of 9 each hour of donated employee hours shall be the employee's hourly wage or the 10 employee's annual salary divided by one thousand six hundred eighty hours; 11 (3) "Eligible program", a science, technology, engineering, art, and math 12 (STEAM) or robotics program offered by a qualified school that serves one or more 13 grades K-12, the primary focus of which is STEAM or robotics education, including 14 workforce development, apprenticeship, or mentorship in a STEAM field or the field of 15 robotics, and that is registered with the Missouri department of elementary and 16 secondary education;
EXPLANATION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is intended to be omitted from the law. Matter in bold-face type in the above bill is proposed language. HB 3359 2
17 (4) "Qualified school", an accredited Missouri public or private school that is an 18 elementary school or high school as such terms are defined under section 160.011, or K- 19 12 public school district; 20 (5) "Tax credit", a credit against the tax otherwise due under chapter 143 or 148, 21 excluding withholding tax imposed under sections 143.191 to 143.265; 22 (6) "Taxpayer", an individual, partnership, corporation, or other entity subject 23 to the state income tax imposed under chapter 143, or any charitable organization that 24 is exempt from federal income tax and whose Missouri unrelated business taxable 25 income, if any would be subject to the state income tax imposed under chapter 143. 26 3. For all tax years beginning on or after January 1, 2027, a qualified taxpayer 27 shall be allowed to claim a tax credit against the taxpayer's state tax liability in an 28 amount equal to twenty percent of the value of all eligible donations made by the 29 taxpayer's during the given tax year, not to exceed fifty thousand dollars per taxpayer 30 per tax year. 31 4. The cumulative amount of tax credits allowed to all taxpayers under this 32 section shall not exceed ten million dollars per tax year. If the amount of tax credits 33 claimed in a tax year under this section exceeds ten million dollars, tax credits shall be 34 allowed based on the order in which they are claimed. 35 5. Tax credits issued under the provisions of this section shall not be refundable, 36 but for tax years where the amount of the credit exceeds the tax liability, the difference 37 between the tax credit and the tax liability may be carried forward for the next seven 38 succeeding tax years or until the full credit has been claimed, whichever occurs first. 39 6. Up to one hundred percent of tax credits provided under this program may be 40 assigned, transferred, sold, or otherwise conveyed by filing a notarized endorsement 41 thereof with the department that names the transferee, the amount of tax credit 42 transferred, and the value received for the tax credit, as well as any other information 43 reasonably requested by the department. For a taxpayer with flow-through tax 44 treatment to its members, partners, or shareholders, the tax credit shall be allowed to 45 members, partners, or shareholders in proportion to their share of ownership on the last 46 day of the taxpayer's tax period. 47 7. The department shall prescribe the manner in which the tax credit may be 48 applied for. The application for tax credits authorized under this section shall be made 49 no later than the end of the taxpayer's tax period immediately following the tax period 50 for which the tax credits are being claimed. In the application to claim tax credits under 51 this section, a taxpayer shall list for each eligible donation for which the credit is 52 claimed: 53 (1) The type and amount or value of the donation; HB 3359 3
54 (2) The name and address of the school that received the donation and a 55 description of the eligible program that the donation supported; 56 (3) An itemized list of the items contributed, if applicable; 57 (4) The name and job title of each employee whose hours were donated and for 58 each such employee a log of dates and times such hours were donated and the total 59 number of hours donated, if applicable; and 60 (5) A statement from the school attesting to the eligible donation received, 61 verifying the taxpayer's information, the date the eligible donation was received, the 62 type of donation, amount or value of the donation, and the accuracy of the logs that 63 show the dates and times volunteer hours were donated. 64 65 If the taxpayer applying for the tax credit meets all criteria required under this section 66 or otherwise established by the department, the department shall issue a tax credit 67 certificate in the appropriate amount. 68 8. Not later than January 1, 2027, the department of elementary and secondary 69 education shall set forth applications, a registration system, and any additional 70 guidelines in order for programs to register and qualify as eligible programs under the 71 provisions of this section. The department of elementary and secondary education shall 72 also promote awareness of the availability of this tax credit among businesses, 73 educational institutions, and STEAM and robotics nonprofits. 74 9. On or before September first of each year, the department shall prepare and 75 submit an annual report to the general assembly reviewing the costs and benefits of the 76 program and containing statistical information regarding the tax credits issued under 77 this section for the previous tax year, including the total amount of tax credits claimed in 78 the tax year, the types of donations and average amount or value of each type of eligible 79 donation made, the total number of eligible programs receiving eligible donations, and 80 the total amount expended on the program. 81 10. Notwithstanding any provision of section 105.1500 to the contrary, any 82 requirement to provide information, documents, or records under this section, and any 83 requirement established by the department to provide information, documents, or 84 records for the purpose of administering and enforcing this section, shall be exempt 85 from section 105.1500. 86 11. The department of economic development, the department of revenue, and 87 the department of elementary and secondary education may adopt such rules, 88 statements of policy, procedures, forms, and guidelines as may be necessary to carry 89 out the provisions of this section and shall promulgate all necessary rules and 90 regulations for the administration of this section. Any rule or portion of a rule, as that HB 3359 4
91 term is defined in section 536.010, that is created under the authority delegated in this 92 section shall become effective only if it complies with and is subject to all of the 93 provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 94 536 are nonseverable and if any of the powers vested with the general assembly 95 pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul 96 a rule are subsequently held unconstitutional, then the grant of rulemaking authority 97 and any rule proposed or adopted after August 28, 2026, shall be invalid and void. 98 12. Under section 23.253 of the Missouri sunset act: 99 (1) The provisions of the new program authorized under this section shall sunset 100 six years after the effective date of this section unless reauthorized by an act of the 101 general assembly; 102 (2) This section shall terminate on September first of the calendar year 103 immediately following the calendar year in which the program authorized under this 104 section is sunset; and 105 (3) Nothing in this subsection shall prevent a taxpayer from claiming a tax credit 106 properly issued before this program was sunset in a tax year after the program is sunset. ✔
Statutes affected: