2025 What's New?

2025 Legislative Session

2025 Corporate Income Tax Year Changes

The following changes are effective for the tax year beginning January 1, 2025, and will be reflected on the 2025 Missouri Corporation Income Tax Return.

Note: Changes are subject to modifications pending special session.

Filing Deadline for 2025

  • The due date for the calendar year 2025 Missouri Corporation Income Tax Return is April 15, 2026.
  • The extension due date for the 2025 Missouri Corporation Income Tax Return is October 15, 2026.
  • The Adoption Tax Credit, Food Pantry Tax Credit, and Champion for Children Tax Credit are all due April 15, 2026.

Tax Credits

  • Champion for Children Tax Credit (Section 135.341)
    • Effective January 1, 2025, this legislation increased the amount of tax credit a taxpayer can receive from 50% of a qualified contribution to 70% of a qualified contribution, but also limited the total amount of tax credits a taxpayer can receive to $50,000 annually. Starting July 1, 2025, the annual cap on the tax credit increased from $1.5 million to $2.5 million annually.
  • Youth Opportunities Tax Credit (Section 135.460)
    • Effective August 28, 2025, this legislation will increase the amount of tax credit a taxpayer can received from 50% of a qualified contribution to 70% of a qualified contribution.
  • Diaper Bank Tax Credit (Section 135.621)
    • Legislative changes extended the sunset clause on the diaper bank tax credit to August 28, 2031. This legislation also expands the type of diaper banks that can participate in the program.
  • Maternity Home Tax Credit (Section 135.600)
    • Effective August 28, 2025, this legislation limits the total amount of tax credits a taxpayer can receive to $100,000 annually.
  • Missouri Development Finance Board (MDFB) Infrastructure Tax Credit (Section 100.240)
    • This legislation expands the current Infrastructure tax credit program to allow a taxpayer who contributes to the infrastructure development fund to receive a tax credit equal 50% of the amount of the contribution up to the lesser of $50 million or 10% of the amount of private investment in an athletic and entertainment facility project.

Other

  • Electronic Specie Currency (Section 408.010)
    • This legislation allows the Department of Revenue to accept any specie legal tender or electronic specie currency as long as the payment is in United States dollars.