Eliminates the individual income tax

Taxes

Passed Legislature

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

Sponsor: Coleman, Mary Elizabeth; House handler: N/A
Last action: 2026-01-27
Official status: Second Read and Referred S Economic and Workforce Development Committee
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

2026-01-27 S239
Second Read and Referred S Economic and Workforce Development Committee
2026-01-07 S73
S First Read
2025-12-01 Missouri House of Representatives and Missouri Senate
Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1240 - Current law imposes an income tax on all Missouri taxable income. For all tax years beginning on or after January 1, 2027, this act eliminates the Missouri individual income tax.
JOSH NORBERG