Missouri Corporate Income Tax Year Changes for 2025

Effective for the tax year beginning January 1, 2025, corporate income tax year changes will be reflected on the 2025 Missouri Corporate Income Tax Return. The Missouri Department of Revenue has also updated several state tax credits, expanding opportunities for qualifying businesses to lessen your tax burden.

Missouri Tax Credit Expansion

The following Missouri tax credits are available to qualifying businesses:

Champion for Children Tax Credit: This tax credit increases from 50% to 70% of qualified contributions, with an annual cap of $50,000 per taxpayer effective January 1, 2025. The program’s annual cap is also increasing. Starting July 1, 2025, the cap rose from $1.5 million to $2.5 million.

Youth Opportunities Tax Credit: Effective as of August 28, 2025, the credit rate has increased from 50% to 70% of a qualified monetary contribution.

Diaper Bank Tax Credit: The program’s sunset clause is extended to August 28, 2031, and eligibility is clarified to include national diaper banks.

Maternity Home Tax Credit: The total credit a taxpayer may receive, effective August 28, 2025, has increased from $50,000 to $100,000 annually.

Missouri Development Finance Board Infrastructure Tax Credit: This program has been expanded, allowing a credit equal to 50% of a contribution to the infrastructure development fund, up to the lesser of 10% of private investment in an athletic and entertainment facility project or $50 million.

Electronic Specie Currency

Given the payment is in U.S. dollars, the Department of Revenue is allowed to accept specie legal tender and electronic specie currency.

Due Dates

The calendar year 2025 Missouri Corporation Income Tax Return due date is April 15, 2026. The extension date is October 15, 2026. Also due April 15, 2026:

  • The Adoption Tax Credit
  • Food Pantry Tax Credit
  • Champion for Children Tax Credit

2025 Legislative Session

Taxation changes from the 2025 legislative session are also included in the guidance.

Anders State and Local Tax advisors monitor legislative changes closely to empower our clients to lessen their tax burden and finding opportunities to help them achieve growth. Learn more about how our insights can help make the difference, and the associated costs, request a meeting below.

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