MO HB2924

Allows Missouri taxpayers to deduct the first $25,000 of tipped income from their state adjusted gross income, effective for tax years beginning on or after January 1, 2026

Defines "tipped income" as any cash gratuity received by an individual employed in an occupation that customarily receives tips

Requires the Missouri Department of Revenue to publish a list of occupations eligible for the tipped income deduction

Amends Section 143.121, RSMo, which governs modifications to federal adjusted gross income for calculating Missouri state income tax