SB 649 - Trent, Curtis
Modifies provisions relating to the taxability of certain deferred compensation plans
Bill Details
Sponsor
LR Number
2403S.01I
Title
SB 649
House Handler
N/A
Journal Page
Effective Date
August 28, 2025
Committee
Current Status
Second Read and Referred S Economic and Workforce Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 649 - Current law provides that the term "salaries, wages, commissions and other compensation" shall not include any contributions to any deferred compensation plans for the purposes of determining earnings tax owed. This act provides that such term shall also not include any payments to such plan if the payment is not subject to Missouri state income tax at the time such payment is made.
This act is identical to HB 1170 (2025).
JOSH NORBERG