MO HB2457

Expands eligible donation recipients to include "food banks" (501(c)(3) organizations that distribute food to pantries, soup kitchens, and hunger relief centers) beginning January 1, 2026

Increases the tax credit rate from 50% to up to 70% of donation value for tax years beginning on or after January 1, 2026

Raises the annual cumulative tax credit cap from $1.75 million to $2.75 million for local food pantries, soup kitchens, and homeless shelters, plus creates a separate $1.25 million cap for food bank donations starting in 2026

Extends the program sunset date from December 31, 2026 to December 31, 2032

Adds taxpayer protections so that if tax credit denial due to cap limits causes a balance due, the taxpayer is not liable for penalties or interest if paid within 60 days of notice