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SB1291

Modifies provisions relating to an income tax deduction for certain farmers

Introduced·1/7/26

Missouri SB1291 modifies income tax deductions for certain farmers.

Missouri SB1291 modifies provisions relating to an income tax deduction for certain farmers. Farm owners can subtract from their Missouri adjusted gross income amounts related to leasing or selling farmland to beginning farmers. The bill defines "beginning farmer" and "farm owner" and sets limits on the deductions. It also includes provisions for capital gains from the sale of farmland and deductions for home energy audits. The bill repeals and replaces section 143.121 of the Revised Statutes of Missouri.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

Calendar

Feb 5

8:45 AM

Agriculture, Food Production and Outdoor Resources Hearing

History

Feb 12

Senate

SCS Voted Do Pass S Agriculture, Food Production and Outdoor Resources Committee (4319S.02C)

Feb 5

Senate

Hearing Conducted S Agriculture, Food Production and Outdoor Resources Committee

Jan 27

Senate

Second Read and Referred S Agriculture, Food Production and Outdoor Resources Committee