MO HB3376

Eliminates the 100% state income tax subtraction for capital gains reported by pass-through entities (those taxed under section 143.071), which was previously set to take effect when Missouri's top individual income tax rate dropped to 4.5% or below

Retains the 100% capital gains subtraction for individual taxpayers (those taxed under section 143.011) beginning January 1, 2025

Removes an exception to the net operating loss add-back provision that had previously allowed certain deductions under 26 U.S.C. Section 172(b)(1)(G) and 172(i) to be excluded from the add-back requirement

Makes technical terminology changes throughout the statute, replacing "taxable year" with "tax year"