SB 46 - For all tax years beginning on or after January 1, 2025, this act authorizes an income tax deduction for one hundred percent of all income reported as a capital gain for federal income tax purposes.

JOSH NORBERG

Statutes affected:
Introduced (0131S.01): 143.121

---

Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 46
Sponsor: Trent
Hearing Date: 1/21/2025


COMMITTEE: General Laws

CHAIRMAN: Trent

DATE REFERRED: 1/16/2025 DATE HEARING REQUESTED:



STAFF:
Victoria Hooker
Scott Svagera
Will Wheeler


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Ray McCarty - Associated Industries of Missouri
Jacob Knaebel - Missouri Corn Growers Association
Shannon Cooper - Missouri Cattleman's Association
Brad Jones - NFIB
Mark Fiegenbaum - Missouri Farm Bureau
Luke Reed - Missouri Chamber of Commerce and Industry
Ben Travlos - Missouri Soybean Association


WITNESSES AGAINST:
Brian Colby - Missouri Budget Project