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HB 2205

Modifies provisions relating to income tax on retirement income from private and public sources

2026 Regular Session Introduced by Don Mayhew

HB 2205 modifies Missouri income tax treatment of retirement income from private and public sources, advancing through House committee with unclear specific fiscal and policy impacts.

Voted Do Pass (H)
#elderly #retirement-state #retirementsystemsandbenefits-general #revenue #departmentof #taxationandrevenue-general #taxationandrevenue-income
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Bill Summary · HB 2205

Legislative bill overview

HB 2205 modifies Missouri's tax treatment of retirement income from both private sources (like 401(k)s and IRAs) and public sources (like government pensions). The bill has advanced through House committee with a "Do Pass" vote and is progressing through the legislative process. Specific modifications to tax provisions are not detailed in the action history provided.

Why is this important

Retirement income taxation directly affects Missouri's senior citizens and public employees' take-home income during retirement. Changes to these provisions could either increase or decrease the state's tax burden on retirees, influencing retirement planning decisions and potentially affecting the state's tax revenue and competitiveness in attracting/retaining retirees.

Potential points of contention

  • Equity concerns: Different treatment between private retirement savings and public pensions could create fairness debates about whether one group receives preferential tax treatment
  • Revenue impact: Tax modifications on retirement income affect state budget projections and may require offsetting changes elsewhere
  • Public employee implications: Changes to pension tax treatment could be controversial among current and retired government workers who negotiated compensation packages based on existing tax law

Compiled from official sources — confirm details with the bill’s official record.

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