FailedFiled Jan 20, 2026
Sponsor: Sandy Crawford (R)
Latest Action
SCS Voted Do Pass S Economic and Workforce Development Committee (6743S.04C)
Apr 29, 2026
Summary
The bill rewrites section 143.341 so that, beginning in 2026, resident estates and trusts can subtract 100% of any income reported as a capital gain on their federal return from their Missouri taxable income, as long as the subtraction does not affect the estate’s federal distributable net income. It also updates other adjustments to align Missouri calculations with federal rules, giving estates and trusts the same capital‑gain tax benefit currently available to individuals.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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