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MO SB1241

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Mary Coleman

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Allows Missouri taxpayers to deduct the first $25,000 of tipped income from state income taxes beginning January 1, 2026

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

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

  • Amends Section 143.121, RSMo, which governs Missouri adjusted gross income calculations for resident individuals

Legislative Description

Authorizes an income tax deduction for tipped income

Last Action

Second Read and Referred S Economic and Workforce Development Committee

1/27/2026

Committee Referrals

Economic and Workforce Development1/27/2026

Full Bill Text

No bill text available