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House advances tax bills: removes expired tax credits and clarifies SALT treatment
Summary
The Missouri House moved to perfect and printed two tax measures: HB33‑29 removes 18 expired or unused tax credits to reduce Department of Revenue workload; HB34‑05 clarifies state and local tax (SALT) pass‑through deductions to streamline DOR processing. Sponsors said fiscal impact is minimal.
Lawmakers advanced two tax‑related measures on April 27 aimed at statutory cleanup and clearer tax administration.
Representative from Lafayette introduced House Bill 33‑29, a roughly 100‑page cleanup bill that removes 18 expired or unused tax credits (some dating back to 1999). The sponsor said taking expired credits off the books would allow the Department of Revenue to stop spending staff time processing credits that are no longer in use.
Several members praised the efficiency angle. Some legislators asked whether removing expired credits would make it harder to reinstate them in the future; supporters replied that credits can be reenacted through the regular legislative process and that clearing expired entries improves transparency.
Representative from Lafayette also presented House Bill 34‑05, which clarifies that state and local tax (SALT) passthrough payments should be treated as a deduction for DOR processing and explains pass‑through entity (PTE) returns and the related 20 percent business income deduction. The sponsor said the Department of Revenue currently handles many of these items manually and that the bill will streamline processing without changing policy or SALT availability.
Members noted the fiscal note showed no net revenue change for HB34‑05. Both bills were ordered perfected and printed or otherwise moved forward on the informal calendar for further consideration.
Details: HB33‑29 was described as removing expired credits to reduce administrative time; HB34‑05 clarifies classification to allow more streamlined DOR processing.
