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SB1336 • 2026

Authorizes a tax credit for the purchase of certain homes

Authorizes a tax credit for the purchase of certain homes

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Washington, Barbara; House handler: N/A
Last action
2026-01-27
Official status
Second Read and Referred S Economic and Workforce Development Committee
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-01-27 S243

    Second Read and Referred S Economic and Workforce Development Committee

  2. 2026-01-07 S82

    S First Read

  3. 2025-12-01 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1336 - For all tax years beginning on or after January 1, 2027, this act authorizes a tax credit in the amount of $5,000 for a taxpayer that is a first-time home buyer purchasing an eligible blighted property, as described in the act. To be eligible, a taxpayer shall also enter into an agreement with the land clearance for redevelopment authority to use such property as a principal residence for at least two years following rehabilitation of the property, shall purchase the property within one year or contract for purchase within six months of applying for a tax credit, and shall meet certain income requirements as described in the act.

The tax credit authorized by this act shall not be refundable or transferable, but may be carried forward for five years.

This act shall sunset after six years unless reauthorized by the General Assembly.

This act is identical to SB 404 (2025), SB 425 (2023), SB 719 (2022), SB 84 (2021), and HB 1588 (2020), and is substantially similar to SB 970 (2024).
JOSH NORBERG