EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
FIRST REGULAR SESSION
SENATE BILL NO. 658
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR CRAWFORD.
2611S.01I KRISTINA MARTIN, Secretary
AN ACT
To repeal section 143.341, RSMo, and to enact in lieu thereof one new section relating to the
taxation of estates and trusts.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Section 143.341, RSMo, is repealed and one new 1
section enacted in lieu thereof, to be known as section 143.341, 2
to read as follows:3
143.341. 1. The Missouri taxable income of a resident 1
estate or trust means its federal taxable income subject to 2
the modifications in this section. 3
2. There shall be subtracted the amount if any that 4
the federal personal exemption deduction allowable to the 5
estate or trust exceeds its federal taxable income without 6
its personal exemption deduction. 7
3. For all tax years beginning on or after January 1, 8
2026, there shall be subtracted that amount included in 9
Missouri taxable income of the estate or trus t that would 10
not be included as Missouri taxable income pursuant to 11
section 143.381 as if said estate or trust were considered a 12
nonresident estate or trust as defined in section 143.371. 13
This subtraction shall only apply to the extent it is not a 14
determinant of the federal distributable net income of the 15
estate or trust. 16
[3.] 4. There shall be added or subtracted, as the 17
case may be, the modifications described in sections 143.121 18 SB 658 2
and 143.141, and there shall be subtracted the federal 19
income tax deduction provided in section 143.171. These 20
additions and subtractions shall only apply to the extent 21
that they are not determinants of the federal distributable 22
net income of the estate or trust. 23
[4.] 5. There shall be added or subtracted , as the 24
case may be, the share of the estate or trust in the 25
fiduciary adjustment determined under section 143.351. 26