SB 658
Modifies provisions relating to the taxation of estates and trusts
Sponsor:
LR Number:
2611S.01I
Committee:
Last Action:
1/30/2025 - S First Read
Journal Page:
Title:
Effective Date:
August 28, 2025

Current Bill Summary

SB 658 - For all tax years beginning on or after January 1, 2026, this act provides an income tax deduction for the amount included in Missouri taxable income of a resident estate or trust that would not be included as Missouri taxable income if said estate or trust were considered a nonresident estate or trust. Such deduction shall only apply to the extent it is not a determinant of the federal distributable net income of the estate or trust.

JOSH NORBERG

Amendments

No Amendments Found.