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Senators defeat amendment to House bills on capital gains; measures sent to committee
Summary
House Bills 594 and 508, measures to cut Missouri capital gains taxes, were returned to the Senate floor with new language; an amendment sponsored by Sen. Mike Moon was offered and defeated after Sen. Brian Williams asked for time to consult.
The Missouri Senate moved a step closer to cutting state capital gains taxes on Wednesday when House Bills 594 and 508 were returned to the Senate floor with new language and an amendment sponsored by Sen. Mike Moon of Ash Grove was defeated.
Senator Brian Williams of University City told the amendment sponsor, "Wanted to touch bases with you. The amendment that you're offering will have an impact on my district, and, you know, I haven't had a chance to really work through that. It kinda caught me off guard a little bit. Uh-huh. So I was hoping that you would consider pulling back that amendment and giving us an opportunity to talk about that." Williams asked the sponsor to withdraw the amendment and allow time for consultation before any change affecting his district took effect.
The amendment sponsored by Sen. Mike Moon was defeated. According to reporting from the state capital, the two House bills will go to a Missouri Senate committee before a final Senate vote; they would then return to the Missouri House of Representatives for final passage or be resolved in a Missouri Senate–House conference committee if differences remain. The transcript does not include vote tallies or the names of a mover or seconder for the defeated amendment.
The Senate is described in the transcript as now two-thirds of the way through its session. Dean Morgan reported from the state capital.
