The civic record
Read. Follow. Verify.Missouri bill doubles private pension tax deduction and income limits starting in 2027
Last action · January 27, 2026: Second Read and Referred S Local Government, Elections and Pensions CommitteeSponsor: David Gregory
Track this bill to get notified when it advances a stage. One tap to stop, anytime.
What This Bill Would Do
Beginning January 1, 2027, Senate Bill 1287 increases the maximum state income tax deduction for private retirement benefits from $6,000 to $12,000. It also raises the adjusted gross income thresholds required to qualify for the full deduction for single filers, married couples filing jointly, and married individuals filing separately.
Retirees receiving private pensions, 401(k) plans, IRAs, or other privately funded retirement allowances may see a larger state tax exemption on their retirement income, provided their adjusted gross income falls below the newly increased limits starting in tax year 2027.
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 plan recipients
Taxpayers receiving private pensions, 401(k) plans, or IRAs may qualify for a higher state income tax deduction and increased income limits 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
Who qualifies for the full retirement deduction under the proposed changes?
What else do you want to know?
News Coverage
Check Your Understanding
1.According to the introduced version of the bill, what maximum retirement allowance amount from privately funded sources may an individual taxpayer subtract from Missouri adjusted gross income for tax years beginning on or after January 1, 2027?
Follow the record
Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
3 actions- Jan 27, 2026SenateFloorSecond Read and Referred S Local Government, Elections and Pensions Committee
- Jan 7, 2026SenateIntroducedS First Read
- Dec 1, 2025SenatePrefiled
Version history
Only one version on file - nothing to compare yet. The text on record is the 5222S.01I - Introduced version. 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
Connected Entities
Sources
www.senate.mo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
Publisher tools