MO SB1091

Creates the "Missouri Child Tax Credit Act" providing a refundable tax credit of $7,200 per year for each child under age 7 and $3,600 per year for children ages 7-17, effective January 1, 2027

Income eligibility limited to single/head of household filers with Missouri adjusted gross income of $75,000 or less, or married filing combined with income of $150,000 or less

Taxpayers may receive the credit as monthly advance payments ($600/month for children under 7, $300/month for children 7-17) or claim it on their annual tax return

Maximum of six tax credits may be claimed per qualified taxpayer per tax year; credit amounts will be adjusted annually for inflation beginning in 2028

Program automatically sunsets six years after the effective date unless reauthorized by the General Assembly