SCS/SB 856 - For all tax years beginning on or after January 1, 2017, a taxpayer may deduct from their federal adjusted gross income used to determine their Missouri adjusted gross income an amount up to 50% of the net capital gain from the sale or exchange of employer securities of a Missouri corporation to a qualified employee stock ownership plan if the employee stock ownership plan includes at least 30% of all outstanding employer securities. Under this act, a Missouri corporation must notify a departing employee of the deadline for when the former employee must decide whether they will receive their shares or the fair market value for any shares of employer securities. The act shall sunset six years after enactment. DOMENIC SITA