SB 67 Missouri Senate · 2025 Regular Session

Modifies provisions relating to tax credits

SB 67 modifies provisions related to tax credits, though the provided abstract does not specify which tax credits or the exact nature of the changes. The bill's title indicates it alters existing tax credit rules, but the context lacks details on who would be directly affected or the specific policy mechanisms. Recent actions show the bill passed the House and is currently in conference with the Senate, but no substantive changes to tax credit eligibility, amounts, or administration are described in the available information. Without further details on the modifications, a summary of concrete policy changes cannot be provided.

Bill status passed both 4 of 5 stages cleared

Introduction

Dec 2024

Committee Review

Apr 2025

Senate Passage

Feb 2025

House Passage

Apr 2025

Governor

Introduced Dec 1, 2024 Last action May 14, 2025

Maddy AI version diff · 1 comparison

What changed between versions

House Committee Substitute → Perfected · 4 edits

MODERATE

This bill was amended to remove references to repealing section 32.115 (which dealt with tax credits for insurance, banks, and other financial institutions) and to simplify the scope from repealing three sections to just two. The act now focuses solely on income tax filing rules rather than a broader tax credit program for various industries.

Scope change

The bill's scope was narrowed from repealing three sections (32.115, 143.121, and 143.511) to repealing only two sections (143.121 and 143.511), removing the tax credit provisions for insurance, banks, and other financial institutions.

SCOPE

Removed all provisions related to tax credits for insurance companies, banks, financial institutions, and express companies that were previously in section 32.115.

Changed the act's purpose from repealing three sections and enacting four new sections to repealing two sections and enacting three new sections.

DEFINITION

Added language clarifying that Missouri adjusted gross income calculations should follow section 143.171 and excluded certain federal tax refunds related to COVID-19 economic impact payments.

REQUIREMENT

Removed detailed requirements for tax credit allocations, dollar limits, and special program priorities that previously applied to contributions by businesses and financial institutions.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 14, 2025

Introduced

Requests to Recede or Grant Conference Calendar--SS for SB 67-Henderson, with HCS, as amended (Senate requests House recede or grant conference)

lower

May 1, 2025

Introduced

S refuses to concur in HCS, as amended and requests H take up and pass bill

upper

Apr 28, 2025

Lower · Passed

H Third Read and Passed

lower

Apr 28, 2025

Lower · Passed

HCS, as amended, H adopted

lower

Apr 28, 2025

Lower · Passed

HA 3 to HCS H offered & adopted (Farnan)--(1327H04.24H)

lower

Apr 28, 2025

Lower · Passed

HA 2 to HCS H offered & adopted (Hardwick)--(1327H04.18H)

lower

Apr 28, 2025

Lower · Passed

HA 1 to HCS H offered & adopted (Perkins)--(1327H04.11H)

lower

Apr 23, 2025

Lower · Passed

HCS Reported Do Pass H Rules - Legislative

lower

Apr 23, 2025

Lower · Passed

HCS Voted Do Pass H Rules - Legislative

lower

Apr 7, 2025

Committee

Referred H Rules - Legislative

lower

Apr 3, 2025

Lower · Passed

HCS Reported Do Pass H Special Committee on Tax Reform

lower

Apr 3, 2025

Lower · Passed

HCS Voted Do Pass H Special Committee on Tax Reform

lower

Apr 1, 2025

Lower · Passed

Hearing Conducted H Special Committee on Tax Reform

lower

Mar 25, 2025

Committee

Referred H Special Committee on Tax Reform

lower

Feb 13, 2025

Upper · Passed

S Third Read and Passed

upper

Feb 12, 2025

Upper · Passed

Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee

upper

Feb 12, 2025

Upper · Passed

SS, as amended, S adopted

upper

Feb 12, 2025

Upper · Passed

SA 1 to SS S offered & adopted (Hudson)--(1327S02.13S)

upper

Feb 6, 2025

Upper · Passed

Reported from S Economic and Workforce Development Committee

upper

Feb 5, 2025

Upper · Passed

Voted Do Pass S Economic and Workforce Development Committee

upper

Jan 29, 2025

Upper · Passed

Hearing Conducted S Economic and Workforce Development Committee

upper

Dec 1, 2024

Introduced

Prefiled

upper

1 primary · 0 co-sponsors