KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Missouri

HB2945 • 2026

Amends tax law to provide for additional subtractions for capital gains that are recharacterized as ordinary income by IRS

Amends tax law to provide for additional subtractions for capital gains that are recharacterized as ordinary income by IRS

Taxes
Passed Legislature

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

Sponsor
Hardwick, Bill (121)
Last action
2026-04-13
Official status
04/13/2026 - Placed on the Informal Perfection Calendar (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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

5663H01.01H

5663H01.01H • Amato

Distributed

Plain English: Distributed 5663H01.01H by Amato

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
5663H01.02H

5663H01.02H • Reuter

Distributed

Plain English: Distributed 5663H01.02H by Reuter

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2026-04-13 Missouri House of Representatives and Missouri Senate

    Placed on the Informal Perfection Calendar (H)

  2. 2026-04-09 Missouri House of Representatives and Missouri Senate

    Placed Back on Formal Perfection Calendar (H)

  3. 2026-03-23 Missouri House of Representatives and Missouri Senate

    Placed on the Informal Perfection Calendar (H)

  4. 2026-03-11 Missouri House of Representatives and Missouri Senate

    Placed Back on Formal Perfection Calendar (H)

  5. 2026-02-24 Missouri House of Representatives and Missouri Senate

    Placed on the Informal Perfection Calendar (H)

  6. 2026-02-17 Missouri House of Representatives and Missouri Senate

    Reported Do Pass (H) - AYES: 6 NOES: 3 PRESENT: 0

  7. 2026-02-16 Missouri House of Representatives and Missouri Senate

    Executive Session Completed (H)

  8. 2026-02-16 Missouri House of Representatives and Missouri Senate

    Voted Do Pass (H)

  9. 2026-02-09 Missouri House of Representatives and Missouri Senate

    Referred: Rules - Legislative(H)

  10. 2026-02-05 Missouri House of Representatives and Missouri Senate

    Executive Session Completed (H)

  11. 2026-02-05 Missouri House of Representatives and Missouri Senate

    Voted Do Pass (H)

  12. 2026-02-05 Missouri House of Representatives and Missouri Senate

    Reported Do Pass (H) - AYES: 5 NOES: 3 PRESENT: 0

  13. 2026-01-29 Missouri House of Representatives and Missouri Senate

    Public Hearing Completed (H)

  14. 2026-01-22 Missouri House of Representatives and Missouri Senate

    Referred: Special Committee on Tax Reform(H)

  15. 2026-01-14 Missouri House of Representatives and Missouri Senate

    Read Second Time (H)

  16. 2026-01-13 Missouri House of Representatives and Missouri Senate

    Introduced and Read First Time (H)

Official Summary Text

Amends tax law to provide for additional subtractions for capital gains that are recharacterized as ordinary income by IRS