Missouri bills · 2026 Regular Session
Missouri SB 1231
Authorizes an income tax deduction for certain research expenses
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Travis Fitzwater
Summary
Official abstract published by the Missouri legislature· abstract
SB 1231 - Federal law requires taxpayers to amortize the deduction for research and experimental expenses over a period of years. This act allows a taxpayer to deduct the full amount of such expenses for the taxpayer's state income taxes during the tax year in which they were incurred.
This act is identical to SB 349 (2025), HB 136 (2025), SB 1365 (2024), and HB 2457 (2024), and to a provision in HCS/HB 1427 (2024).
JOSH NORBERG
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Dec 1, 2025 · Senate
Prefiled - Jan 7, 2026 · Senate
S First Read - Jan 27, 2026 · Senate
Second Read and Referred S Economic and Workforce Development Committee