MO SB1082

Expands the donated food tax credit program to include donations to food banks (in addition to existing eligibility for local food pantries, soup kitchens, and homeless shelters) beginning August 28, 2026 for donations made on or after January 1, 2026

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

Doubles the annual cumulative cap on tax credits from $1.75 million to $3.5 million for tax years beginning on or after January 1, 2026

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

Maintains existing provisions including the $2,500 maximum credit per taxpayer, three-year carry-forward for unused credits, and prohibition on credit transfers or sales