Modifies provisions of the "SALT Parity Act"

Summary

The bill would make partnerships and S corporations that choose to be taxed in Missouri pay a tax calculated from income earned in the state. It sets different calculation methods for tax years before and after Dec. 31, 2026 and lets members opt out of the tax on their share. The goal is to treat these pass‑through entities more like individual taxpayers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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