Missouri Legislature Overrides Veto, Passing Pro-ESOP Legislation

On September 14, the Missouri legislature passed 13 pieces of legislation that had been vetoed by Gov. Jay Nixon (D), one of which (H.B. 2030) provides a tax deduction on qualifying sales to Missouri-based ESOPs. Missouri Chamber of Commerce CEO Daniel Mehan welcomed the passage of the bill, commenting in a press release that it will "help ensure employee-ownership is a viable alternative when business owners decide to sell. Having more owners selling to their employees will help keep Missouri businesses locally-held and growing in our state."