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HB2679 • 2026

Establishes the "First-Time Business Owner Savings Account Act" and authorizes a tax deduction for contributions to a savings account dedicated to starting a new business

Establishes the "First-Time Business Owner Savings Account Act" and authorizes a tax deduction for contributions to a savings account dedicated to starting a new business

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Johnson, Michael (023)
Last action
2026-01-08
Official status
01/08/2026 - Read Second Time (H)
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-01-08 Missouri House of Representatives and Missouri Senate

    Read Second Time (H)

  2. 2026-01-07 Missouri House of Representatives and Missouri Senate

    Read First Time (H)

  3. 2026-01-05 Missouri House of Representatives and Missouri Senate

    Prefiled (H)

Official Summary Text

Establishes the "First-Time Business Owner Savings Account Act" and authorizes a tax deduction for contributions to a savings account dedicated to starting a new business