MO HB2461

Expands eligible donation recipients to include food banks (in addition to existing local food pantries, soup kitchens, and homeless shelters), with food bank donations eligible 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 a separate $1.25 million allocation for food banks starting in 2026

Extends the program's expiration date from December 31, 2026 to December 31, 2032

Protects taxpayers from penalties, interest, or additions to tax if a credit denial (due to cap limits) creates a balance due, provided payment is made within 60 days of notice