Imposes a tax on certain income to provide disaster relief

SB 14 modifies Missouri's income tax structure to create a dedicated Disaster Relief Fund. It imposes a new 1% tax on Missouri taxable income exceeding $1 million starting in 2026, with all revenues directed to the fund. The fund, managed by the state treasurer, must be used exclusively by the Department of Public Safety for disaster relief as declared by the governor, including emergencies in cities outside counties (75% of funds) or other areas (25%). This tax and fund expire December 31, 2028, and the bill does not affect tax rates below $1 million.