Can a corporation claim the subtraction?

Not at this time. However, corporations can deduct 100% of capital gains from their federal taxable income after the top individual income tax rate in Missouri falls to 4.5% or lower. The corporate subtraction will take effect for all tax years beginning on or after January first of the tax year following the tax year in which this rate reduction occurs. For tax year 2025, the top individual income tax rate is 4.7%.