Establishes "The Constitutional Money Act" which regulates the treatment and use of gold and silver
HB 630 (the "Constitutional Money Act" title is misleading) primarily revises Missouri's income tax calculation rules, not gold/silver regulation. It modifies Section 143.121 to add specific federal tax items to Missouri adjusted gross income, including most federal tax refunds (except pandemic-related credits) and certain tax-exempt interest. The bill also adjusts business deduction rules for property purchased in 2002-2003 and changes how net operating losses are treated for state tax purposes. This directly affects Missouri residents and businesses filing state income tax returns by altering taxable income calculations. The brief reference to "specie" (gold/silver) in Section 30.266 relates only to the state treasurer holding a minimal 1% of state funds in physical currency, not regulating public use of precious metals.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 19, 2024
Last action Mar 5, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
2
Committee
3
Mar 5, 2025
Lower · Passed
HCS Reported Do Pass (H) - AYES: 14 NOES: 4 PRESENT: 0
lower
Mar 4, 2025
Lower · Passed
HCS Voted Do Pass (H)
lower
Feb 19, 2025
Committee
Referred: Government Efficiency(H)
lower
Dec 19, 2024
Introduced
Prefiled (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Michael Davis
RRepublican
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