JEFFERSON CITY, Mo — This week in Jefferson City, the Commerce Committee convened to review several important pieces of legislation, including a bill that could significantly impact Missouri’s tax policy: House Bill 594. The bill proposes a full income tax deduction for federal capital gains starting in 2025. These measures aim to provide tax relief to hardworking Missourians, incentivize investment, and make our state more competitive in attracting businesses and entrepreneurs. Representative Perkins had this to say regarding the legislation:
“I’m excited to introduce House Bill 594, the Elimination of Capital Gains Bill. This legislation is about creating a fairer tax system that supports growth and empowers individuals to keep more of their hard-earned money. I believe this bill will have a positive impact on our state’s economy and the financial well-being of our citizens.”
Speaker Pro Tem Chad Perkins and Representative Mike Jones on the House Floor
Religious Freedom bill heard in House
This week, the House also debated House Bill 75, known as the “Missouri Religious Freedom Protection Act.” This legislation is a critical step in safeguarding the fundamental right of religious groups and places of worship to gather without undue government interference. For many Missourians, especially those in rural communities, faith-based gatherings are a cornerstone of daily life, providing spiritual support, community connection, and essential resources during times of need. By prohibiting public officials from issuing directives that limit or ban religious gatherings, HB 75 ensures that this cherished freedom is upheld even in uncertain times.
The bill strikes a thoughtful balance between protecting religious liberty and maintaining public safety by allowing exceptions in cases of imminent danger, such as natural disasters or hazardous materials incidents. At the same time, it makes clear that religious groups using places of worship to plan or commit acts of violence are not protected under this law. For rural Missourians, where access to community resources may already be limited, HB 75 reinforces the vital role of places of worship in serving as a lifeline for support and connection. This legislation affirms Missouri’s commitment to protecting the rights of its citizens while respecting the diverse needs of its communities.