HB 1314 -- Income Tax Deduction for Storm Shelters

Sponsor:  Swinger

Beginning January 1, 2011, this bill authorizes a one-time income
tax deduction to a taxpayer for the cost of the construction or
$5,000, whichever is less, of a storm shelter which was made in
America.  The total amount of deductions, which will be issued on
a first-come, first-served filing basis, cannot exceed $2 million
in any fiscal year.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:10 pm