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SB 1240·MO·senate

Eliminates the individual income tax

FailedFiled Dec 1, 2025
Sponsor: Mary Elizabeth Coleman (R)
Latest Action

Second Read and Referred S Economic and Workforce Development Committee

Jan 27, 2026

Summary

The bill repeals the existing individual income tax statute and states that no tax will be levied on Missouri taxable income for any tax year beginning on or after Jan. 1, 2027. It would affect every Missouri resident who currently pays state income tax, removing that tax burden. The change would eliminate the state's personal income tax revenue source after 2026.

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

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