Maddy summaryMissouri's SB 658 modifies how estates and trusts are taxed in the state. It defines Missouri taxable income for resident estates and trusts based on federal taxable income, with specific adjustments. Key changes include: (1) allowing subtraction of excess federal personal exemptions, and (2) for tax years starting January 1, 2026, adding a new subtraction related to how nonresident estates would be treated under state law. These adjustments apply only if they don't affect the federal distributable net income calculation.
Sponsored bills
Maddy summarySB 644 changes how residents can request audits of local governments (like counties or cities). It requires petitions signed by specific voter percentages (ranging from 25% for areas with under 1,000 voters to 5% for areas with 50,000+ voters), with minimum signature thresholds for larger areas. The local government must pay the audit costs, managed through a new revolving fund, and audits can only be requested once every three years per jurisdiction. This directly affects residents or property owners seeking to verify public fund usage in their communities.
Modifies the definition of "certified funds" for purposes of a statute regulating the use of certain funds by real estate settlement agents and title insurance agents
Maddy summaryBased solely on the provided context, a substantive summary of SB 292 cannot be generated. The bill title and official abstract ("Modifies provisions relating to health care providers") offer no specific details about the nature of the modifications, the affected providers, or the key mechanisms. Without concrete policy changes described in the abstract or additional context, it is impossible to accurately explain what the bill does, who it affects, or its key provisions. The bill is still in committee review (referred to the Emerging Issues and Professional Registration Committee) with no further details available in the provided information.
Maddy summarySB 246 proposes Missouri's adoption of the Uniform Fiduciary Income and Principal Act, which would standardize how trust and estate administrators handle income versus principal in Missouri. It directly affects trust executors, estate administrators, and beneficiaries by establishing clear rules for distributing income (like interest or rent) separately from principal (the original asset value). Key provisions require fiduciaries to prioritize income distribution to beneficiaries first, before touching principal, unless specific conditions apply. The bill is pending further legislative action after passing the Senate General Laws Committee on March 10, 2025.
Maddy summarySB 492 authorizes a new sales tax specifically to fund the operational costs of hospitals within the state. This bill would directly affect hospitals by providing them with a dedicated revenue stream through this tax. The key provision is the creation of a designated sales tax, the rate and duration of which are not specified in the provided abstract, to support hospital operations rather than capital projects. The bill is currently in committee review, with no further details on implementation or affected regions available.
Maddy summaryBased on the provided context, a summary of SB 244 cannot be generated. The official abstract ("Modifies provisions relating to hospital investments and service areas") is too vague to describe specific policy changes, affected parties, or key mechanisms. The bill's recent actions (prefiled, committee hearing, committee passage) indicate it is still under consideration, but no concrete details about *what* is being modified are included in the given information. To provide an accurate summary, the full bill text or a detailed abstract describing the specific provisions would be required.
Maddy summaryThis bill's abstract is too vague to summarize meaningfully. The title and official abstract ("Enacts provisions relating to certain uses of motor vehicles") do not specify what the provisions are, who they affect, or their key mechanisms. Without additional details on the actual content of the provisions, a substantive summary cannot be provided. The bill is currently in committee review (Insurance and Banking Committee) but no concrete policy changes are described in the available context.
Maddy summarySB 536 creates a dedicated "Real Estate Fund" to hold all money received by the state of Missouri from the sale of its owned properties. This procedural bill establishes how these funds will be managed and accounted for, without changing existing laws or impacting specific individuals or groups. It simply defines a new administrative mechanism for handling proceeds from state real estate transactions.
Authorizes, rather than requires, state moneys from the sale of surplus property to be deposited in the "Missouri State Surplus Property Clearing Fund"