Committee votes do-pass on HB 3,405 after executive-session clarification

The Missouri House Ways and Means Committee voted to report House Bill 3,405 do pass after a brief executive-session debate and a roll-call vote. A member moved the motion and summarized HB 3,405 as clarifying how passthrough entities report income and treating certain items more like a business deduction than a tax credit.

Ranking member Representative Taylor said he had difficulty grasping the bill initially but spoke with Zach Wyatt of the Department of Revenue, who explained the measure: the statutory language had created the appearance of a tax credit in some filings, and HB 3,405 brings clarity by aligning the treatment with a deduction at the passthrough-entity level. “This clarity is helpful,” Taylor said, and he announced his support.

The clerk called the roll and the committee recorded eight votes in favor with one absence. The chair announced the motion passed and the committee moved on to its public hearing agenda.

The action was procedural: the committee reported the bill do pass and did not take further amendments or public testimony in that executive session. No formal amendments or dissent were recorded during the executive-session vote.