Bill > HB150

This bill modifies standards for bond issuance and taxation in Missouri, with several key provisions. For bond issuance, the bill lowers the minimum sale price for bonds from 95% to 50% of par value and allows interest rates to be calculated as up to 250 basis points above the longest maturity United States Treasury bond. The bill also adjusts requirements for competitive and negotiated bond sales, particularly for political subdivisions with high bond ratings, and increases the threshold for exemption from competitive bidding from $12.5 million to $20 million. Additionally, the bill establishes new rules for municipal advisors, requiring independence from underwriters and setting specific qualifications. For taxation, the bill introduces a new provision starting in 2026 that allows a full subtraction from adjusted gross income for interest earned on out-of-state municipal bonds, with conditions for reciprocal tax treatment. The bill also includes provisions related to agricultural land sales, allowing farm owners who sell or lease land to beginning farmers to subtract certain capital gains and income from their state tax calculations. These changes aim to provide more flexibility in bond issuance and create incentives for supporting young farmers in Missouri.

https://house.mo.gov/Bill.aspx?bill=HB150&year=2025&code=R