SB 151 Missouri Senate · 2025 Regular Session

Modifies provisions relating to taxes

The context provided does not include the specific provisions, mechanisms, or policy changes of SB 151. The bill's title and abstract only state it "modifies provisions relating to taxes" without detailing which tax policies are affected, who would be impacted, or the nature of the changes. Without concrete details on the bill's content, a factual summary cannot be generated. The recent committee actions (e.g., hearing, referral) do not describe the bill's substance. For a meaningful summary, the full text or specific provisions of SB 151 would be required.

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2024

Committee Review

Floor Vote

Governor

Introduced Dec 1, 2024 Last action Feb 19, 2025

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What changed between versions

Introduced → Senate Committee Substitute - Committee Version · 5 edits

MODERATE

The bill was expanded from a single income tax bill to a combined package covering six bills, adding a new section on inflation adjustments and changing the repeal list to include an additional tax section. The tax rate structure remains similar but the conditions for future rate reductions were modified, and the inflation adjustment mechanism was added to ensure tax brackets keep pace with rising costs.

Scope change

The bill's scope expanded from repealing three tax sections to five, and adding a new section for inflation adjustments to tax brackets.

SCOPE

The bill now includes Senate Bills 138, 220, 146, 228, and 161 in addition to SB 151, expanding the legislative package to cover five new tax sections instead of three.

The list of repealed tax sections was updated to include section 143.071 in addition to the original three sections.

TIMELINE

A new section was added requiring annual inflation adjustments to Missouri taxable income brackets, starting with the 2017 calendar year, to prevent tax brackets from becoming outdated.

REQUIREMENT

The conditions for reducing the top tax rate were modified, with the revenue threshold for reductions adjusted from two hundred million dollars to one hundred seventy-five million dollars in some instances.

The effective date for the top tax rate modification was changed from ending on December 31, 2025, to applying to tax years beginning on or after January 1, 2023, without a specific end date.

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Full legislative history

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Key actions

Committee

Feb 19, 2025

Upper · Passed

SCS Voted Do Pass w/(SCS SBs 151, 138, 220, 146, 228 & 161) Economic and Workforce Development Committee (1283S.04C)

upper

Feb 12, 2025

Upper · Passed

Hearing Conducted S Economic and Workforce Development Committee

upper

Dec 1, 2024

Introduced

Prefiled

upper

1 primary · 0 co-sponsors