SB 649
Modifies provisions relating to the taxability of certain deferred compensation plans
Sponsor:
LR Number:
2403S.01I
Committee:
Last Action:
1/29/2025 - S First Read
Journal Page:
Title:
Effective Date:
August 28, 2025

Current Bill Summary

SB 649 - Current law provides that the term "salaries, wages, commissions and other compensation" shall not include any contributions to any deferred compensation plans for the purposes of determining earnings tax owed. This act provides that such term shall also not include any payments to such plan if the payment is not subject to Missouri state income tax at the time such payment is made.

JOSH NORBERG

Amendments

No Amendments Found.