SB 1240 - Coleman, Mary Elizabeth
Eliminates the individual income tax
Bill Details
Sponsor
LR Number
4352S.01I
Title
SB 1240
House Handler
N/A
Journal Page
Effective Date
August 28, 2026
Committee
Current Status
Second Read and Referred S Economic and Workforce Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
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