Missouri HB136: Authorizes income tax addition and subtraction modifications for research and experimentation costs

What the bill says

From the introduced text:

FIRST REGULAR SESSION HOUSE BILL NO. 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE JUSTUS. 0287H.01I DANARADEMANMILLER,ChiefClerk To repeal section 143.121, RSMo, and to enact in lieu thereof one new section relating to research and experimentation costs. Section A. Section 143.121, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 143.121, to read as follows: 143.121. 1.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 reducingataxpayer'sfederaltaxliabilitypursuanttoPublicLaw116-136or116-260,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 to a tax credit reducing a taxpayer's federal tax liability under any other federal law that provides direct economic impact payments …

Read the full official text

Sponsors

• Justus, Doyle (R, 041) · primary sponsor

Latest actions

1. April 24, 2025: Reported Do Pass (H) - AYES: 8 NOES: 0 PRESENT: 0
2. April 23, 2025: Voted Do Pass (H)
3. April 23, 2025: Executive Session Completed (H)
4. April 16, 2025: Referred: Rules - Legislative(H)
5. April 2, 2025: Reported Do Pass (H) - AYES: 5 NOES: 1 PRESENT: 0
6. March 31, 2025: Voted Do Pass (H)
7. March 31, 2025: Executive Session Completed (H)
8. March 24, 2025: Public Hearing Completed (H)
9. March 19, 2025: Referred: Ways and Means(H)
10. January 9, 2025: Read Second Time (H)

Votes

• Reported Do Pass (H) (April 24, 2025): 8 yea, 0 nay, passed
• Reported Do Pass (H) (April 2, 2025): 5 yea, 1 nay, passed

Common questions

What is HB136?

HB136 is a bill in the Missouri Legislature (2025 Regular Session): Authorizes income tax addition and subtraction modifications for research and experimentation costs.

What is the status of HB136?

In committee as of April 24, 2025. Latest action: Reported Do Pass (H) - AYES: 8 NOES: 0 PRESENT: 0 (April 24, 2025).

Who sponsored HB136?

Justus, Doyle (R, 041).

Where is the official record for HB136?

On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB136&year=2025&code=R