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Missouri senators discuss bills to authorize capital-gains deduction; measures set aside
Summary
Missouri senators debated House Bills 594 and 508, which a bill handler described as authorizing an income-tax deduction for capital gains. Minority Floor Leader Doug Beck criticized the measures as a handout to wealthy taxpayers and corporations. Both bills were set aside for future consideration ahead of the legislature's mid-session recess.
Missouri senators spent time on discussion of House Bills 594 and 508, measures that a bill handler described as authorizing an income-tax deduction for capital gains. Senator Curtis Trent of Battlefield, the bill handler, said, "this measure would authorize an…
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