Missouri legislation · 2026 Regular Session
Missouri HB2646: Authorizes the "Missouri No Tax on Car Loan Interest Tax Credit", relating to a tax credit for certain new motor vehicle loan interest payments
Status: In committee, May 15, 2026
What the bill says
To amend chapter 135, RSMo, by adding thereto one new section relating to a tax credit for certain vehicle loan interest payments. Section A. Chapter 135, RSMo, is amended by adding thereto one new section, to be known as section 135.1685, to read as follows: 135.1685. 1. This section shall be known and may be cited as the "Missouri No Tax on Car Loan Interest Tax Credit". 2. As used in this section, the following terms mean: (1) "Applicable passenger vehicle", any new (b) Which is manufactured primarily for use on public streets, roads, and highways, but shall not include a vehicle operated e.
From the introduced text:
To amend chapter 135, RSMo, by adding thereto one new section relating to a tax credit for certain vehicle loan interest payments. Section A. Chapter 135, RSMo, is amended by adding thereto one new section, to be known as section 135.1685, to read as follows: 135.1685. 1. This section shall be known and may be cited as the "Missouri No Tax on Car Loan Interest Tax Credit". 2. As used in this section, the following terms mean: (1) "Applicable passenger vehicle", any new (b) Which is manufactured primarily for use on public streets, roads, and highways, but shall not include a vehicle operated exclusively on a rail or rails; (c) Which has at least two wheels; (d) Which is a car, minivan, van, sport utility vehicle, pickup truck, or motorcycle; (e) Which is treated as a motor vehicle for purposes of Title II of the Clean Air Act; (f) Which has a gross vehicle weight rating of less than fourteen thousand pounds; and (g) The final assembly of which occurred entirely within the state of Missouri and which was sold in this state on or after January 1, 2026; EXPLANATION -- Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is intended to be omitted from the law. Matter in bold-face type in the above …
Sponsors
- Tricia Byrnes (R, 063) · primary sponsor