SCS/SB 1575 - Current law authorizes an income tax deduction for 100% of income reported as a capital gain for federal income tax purposes. The act also applies such capital gains tax provisions to the taxable income of a resident estate or trust. This act is substantially similar to HB 2945 (2026). JOSH NORBERG

{"id": "ocd-bill/7bbdc9fc-a209-4618-8aa6-07606d9e30b4", "session": "2026", "jurisdiction": {"id": "ocd-jurisdiction/country:us/state:mo/government", "name": "Missouri", "classification": "state"}, "from_organization": {"id": "ocd-organization/8ff25b39-cd33-4cee-a2a9-d88b80b2c6fe", "name": "Senate", "classification": "upper"}, "identifier": "SB 1575", "title": "SCS/SB 1575 - Current law authorizes an income tax deduction for 100% of income reported as a capital gain for federal income tax purposes. The act also applies such capital gains tax provisions to the taxable income of a resident estate or trust.\r\n\r\n\tThis act is substantially similar to HB 2945 (2026).\r\nJOSH NORBERG", "classification": ["bill"], "subject": [], "extras": {"MO_BILL_LR": "6743S.02I"}, "created_at": "2026-01-21T01:15:34.336651+00:00", "updated_at": "2026-07-06T08:09:07.079720+00:00", "openstates_url": "https://openstates.org/mo/bills/2026/SB1575/", "first_action_date": "2026-01-20T06:00:00+00:00", "latest_action_date": "2026-04-29T05:00:00+00:00", "latest_action_description": "SCS Voted Do Pass S Economic and Workforce Development Committee (6743S.04C)", "latest_passage_date": ""}