Missouri · 2026 Regular Session · Bill
SB 1231: Authorizes an income tax deduction for certain research expenses
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1231 is a bill introduced in the Missouri Senate on December 1, 2025. According to its official title, it concerns: Authorizes an income tax deduction for certain research expenses. Primary sponsor: Travis Fitzwater. Most recent recorded action (January 27, 2026): Second Read and Referred S Economic and Workforce Development Committee.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
SB 1231 - Federal law requires taxpayers to amortize the deduction for research and experimental expenses over a period of years. This act allows a taxpayer to deduct the full amount of such expenses for the taxpayer's state income taxes during the tax year in which they were incurred. This act is identical to SB 349 (2025), HB 136 (2025), SB 1365 (2024), and HB 2457 (2024), and to a provision in HCS/HB 1427 (2024). JOSH NORBERG
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Travis Fitzwater | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Second Read and Referred S Economic and Workforce Development Committee
- S First Read
- Prefiled