Missouri 2025 Regular Session

Missouri House Bill HB1170 Compare Versions

Only one version of the bill is available at this time.
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11 FIRSTREGULARSESSION
22 HOUSEBILLNO.1170
33 103RDGENERALASSEMBLY
44 INTRODUCEDBYREPRESENTATIVECHRIST.
55 1551H.01I JOSEPHENGLER,ChiefClerk
66 ANACT
77 Torepealsection92.113,RSMo,andtoenactinlieuthereofonenewsectionrelatingto
88 taxationofdeferredcompensationplans.
99 BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
1010 SectionA.Section92.113,RSMo,isrepealedandonenewsectionenactedinlieu
1111 2thereof,tobeknownassection92.113,toreadasfollows:
1212 92.113.Asreferredtoinsection92.111,theterm"salaries,wages,commissions, and
1313 2othercompensation"shallnotincludeanycontributionstoanydeferredcompensationplans
1414 3[,]including, butnotlimitedto,anysalaryreductionplans,cafeteriaplansoranyothersimilar
1515 4plansdeferringthereceiptofcompensationbyaresidentornonresidentifsuchcontributionis
1616 5notsubjecttoMissouristateincometaxatthetimesuchcontributionismade, orany
1717 6paymentundersuchplanifsuchpaymentisnotsubjecttoMissouristateincometaxat
1818 7thetimesuchpaymentismade.
1919 âś”
2020 EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
2121 intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage.