MO SB994

Missouri income tax return filing deadlines would align with federal filing deadlines under 26 U.S.C. 6072, rather than the current 15th day of the fourth month following the tax year's close

Starting January 1, 2025, individuals may subtract 100% of capital gains from Missouri adjusted gross income; business entities gain this exclusion once the top individual tax rate falls to 4.5% or below

Beginning January 1, 2026, capital gains from the sale of specie (precious metals/coins) would be fully exempt from Missouri income tax

Taxpayers denied tax credits due to lack of available funds would not owe penalties or interest on resulting balances if paid within 60 days of denial notice

Tax returns for tax years beginning January 1, 2026 must include the name of the taxpayer's public school district of residence