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Read. Follow. Verify.Missouri House Bill 2059 Doubles Private Pension Tax Deduction Limits Starting in 2027
Last action · March 5, 2026: HCS Reported Do Pass (H)Sponsors: Jeff Vernetti and 2 others
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What This Bill Would Do
Missouri HB 2059 raises the maximum state income tax deduction for privately funded retirement benefits from $6,000 to $12,000 starting January 1, 2027, while also doubling the adjusted gross income eligibility ceilings for single filers, married couples filing combined, and married individuals filing separately.
Retirees relying on private pensions, 401(k)s, and IRAs could see lower state income tax burdens starting in the 2027 tax year, provided their income falls below updated thresholds.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Private pension and retirement account holders
Taxpayers receiving distributions from private pensions, 401(k)s, and IRAs face modified income tax deduction limits and adjusted income thresholds starting in 2027.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What types of private retirement accounts qualify for the increased deduction?
How does the income phase-out work if my earnings are above the ceiling?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
8 actions- Mar 5, 2026HouseCommitteeHCS Reported Do Pass (H)
- Mar 4, 2026HouseCommitteeHCS Voted Do Pass (H)
- Mar 4, 2026HouseExecutive Session Completed (H)
- Feb 11, 2026HousePublic Hearing Completed (H)
- Feb 9, 2026HouseCommitteeReferred: Pensions(H)
- Jan 8, 2026HouseFloorRead Second Time (H)
Show 2 earlier actions
- Jan 7, 2026HouseIntroducedRead First Time (H)
- Dec 1, 2025HouseIntroducedPrefiled (H)
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Expansion of Retirement Tax Relief
The legislation systematically phases in higher deduction ceilings and raises adjusted gross income caps, effectively doubling tax relief limits for private retirement income by 2027.
Connected Entities
Sources
house.mo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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