JEFFERSON CITY, Mo. (Edited News Release/KY3) - During a bill signing ceremony at the Missouri State Capitol, Governor Mike Kehoe signed two major pieces of legislation, House Bills (HB) 567 and 594, fulfilling his commitment to reduce taxes and protect small businesses.
Conservative leadership is about keeping more money in the hands of Missouri families, and less in government coffers," said Governor Kehoe. "Today, we are protecting the people who make Missouri work—families, job creators, and small business owners—by cutting taxes, rolling back overreach, and eliminating costly mandates.
HB 567 amends provisions relating to employee compensation.
- Maintains the state's minimum wage law at $15 per hour, repealing the annual Consumer Price Index adjustment, and extends the wage requirement to public employers as well as private employers.
- Repeals burdensome paid sick leave requirements for Missouri small businesses, including:
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- Requirements dictating when and how paid leave must be provided.
- Burdensome record keeping and compliance obligations.
HB 594 introduces or modifies provisions relating to taxation.
- Authorizes an income tax deduction for all capital gains reported for federal tax purposes by individuals in tax years beginning on or after January 1, 2025.
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- This tax cut will be extended to corporations once Missouri's income tax rate falls to 4.5 percent or lower.
- Makes several modifications to the Senior Citizens Property Tax (PTC) "Circuit Breaker" Program.
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- Increases the PTC for eligible taxpayers from $1,000 to $1,550 for homeowners and from $750 to $1,055 for renters, effective January 1, 2026, with annual CPI adjustments moving forward.
- Exempts diapers, incontinence products, and feminine hygiene products from state and local sales and use taxes.
In addition, Kehoe also signed a number of bills in St. Louis on Thursday.
One of them, House Bill 199, allows several counties in the Ozarks to establish entertainment districts.
The bill specifically allows Benton, Camden, Miller, and Morgan counties, as well as the City of Lake Ozark, to establish entertainment districts.
At Anheuser-Busch's St. Louis Brewery, Governor Kehoe signed House Bill 1041, which modifies regulations for alcoholic beverages.
Reduces the malt liquor tax from $1.86 per barrel to $0.62 per barrel for all malt liquors produced at American Breweries.
Expands current law to allow wine, beer, malt liquor, and spirits to be donated by manufacturers, wholesalers, retailers, and unlicensed persons to charitable or religious organizations and educational institutions for auction or raffle.
Expands current law to allow cash rebate coupons for wine and liquor sales.
Increases revenues deposited into the Missouri Wine and Grape Fund from $0.12 per gallon of wine sold to $0.21 per gallon, allowing the Missouri Wine and Grape Board to use the additional revenue to support the University of Missouri's Grape and Wine Institute.
Allows entities licensed to sell liquor by the drink for consumption on their licensed premises to be open 24 hours a day and serve alcohol from 6 a.m. to 5 a.m. the following day during the 2026 FIFA World Cup.
Kehoe also signed six additional pro-growth bills aimed at securing a brighter future for Missouri, including:
HB 516 modifies the criteria of radioactive waste investigations and allows for increased appropriations to the radioactive waste investigations fund.
HB 754 modifies standards for certain financial institutions.
SB 2 amends provisions relating to financial statements of certain local governments.
SB 3 modifies or enacts provisions relating to Department of Revenue fee offices.
SB 98 modifies various provisions relating to financial institutions.
SB 221 modifies the standard of review for agency interpretation of statutes, rules, regulations, and subregulatory documents.
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