Missouri legislation · 2026 Regular Session
Missouri HB2945: Amends tax law to provide for additional subtractions for capital gains that are recharacterized as ordinary income by IRS
Status: In committee, April 29, 2026
What the bill says
From the introduced text:
SECOND REGULAR SESSION HOUSE BILL NO. 2945 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE HARDWICK. 5663H.01I JOSEPH ENGLER, Chief Clerk To repeal sections 143.121 and 143.341, RSMo, and to enact in lieu thereof two new sections relating to income tax. Section A. Sections 143.121 and 143.341, RSMo, are repealed and two new sections enacted in lieu thereof, to be known as sections 143.121 and 143.341, to read as follows: 143.121. 1. The Missouri adjusted gross income of a resident individual shall be the taxpayer's federal adjusted gross income subject to the modifications in this section. 2. There shall be added to the taxpayer's federal adjusted gross income: (1) The amount of any federal income tax refund received for a prior year which resulted in a Missouri income tax benefit. The amount added pursuant to this subdivision shall not include any amount of a federal income tax refund attributable to a tax credit reducing a taxpayer's federal tax liability pursuant to Public Law 116-136 or 116-260, enacted by the 116th United States Congress, for the tax year beginning on or after January 1, 2020, and ending on or before December 31, 2020, and deducted from Missouri adjusted gross income pursuant to section 143.171. The amount added under this subdivision shall also not include any amount of a federal income tax refund attributable …
Sponsors
- Hardwick, Bill (R, 121) · primary sponsor
Latest actions
- : Placed Back on Formal Perfection Calendar (H)
- : Placed on the Informal Perfection Calendar (H)
- : Placed Back on Formal Perfection Calendar (H)
- : Placed on the Informal Perfection Calendar (H)
- : Placed Back on Formal Perfection Calendar (H)
- : Placed on the Informal Perfection Calendar (H)
- : Reported Do Pass (H) - AYES: 6 NOES: 3 PRESENT: 0
- : Voted Do Pass (H)
- : Executive Session Completed (H)
- : Referred: Rules - Legislative(H)
Votes
- Reported Do Pass (H) (February 17, 2026): 6 yea, 3 nay, passed
- Reported Do Pass (H) (February 5, 2026): 5 yea, 3 nay, passed
Common questions
- What is HB2945?
- HB2945 is a bill in the Missouri Legislature (2026 Regular Session): Amends tax law to provide for additional subtractions for capital gains that are recharacterized as ordinary income by IRS.
- What is the status of HB2945?
- In committee as of April 29, 2026. Latest action: Placed Back on Formal Perfection Calendar (H) (April 29, 2026).
- Who sponsored HB2945?
- Hardwick, Bill (R, 121).
- Where is the official record for HB2945?
- On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB2945&year=2026&code=R
Source: official Missouri record. Tracked by Delilah, AI for legislation across all 50 states and Congress.