Missouri · 2025 Regular Session · Bill

HB 675: Establishes the "First-Time Business Owner Savings Account Act" and authorizes a tax deduction for contributions to a savings account dedicated to starting a new business

In committee Last action May 15, 2025: Referred: Emerging Issues(H)

Plain-language summary

HB 675 is a bill introduced in the Missouri House on December 23, 2024. According to its official title, it concerns: Establishes the "First-Time Business Owner Savings Account Act" and authorizes a tax deduction for contributions to a savings account dedicated to starting a new business. Primary sponsor: Michael Johnson (Democratic). Most recent recorded action (May 15, 2025): Referred: Emerging Issues(H).

Sponsors

Primary sponsor: Michael Johnson (Democratic).