HB 1555 -- Income Tax Deduction for Loan Payments for Flood
Damage Repairs

Sponsor:  Schoeller

Beginning January 1, 2011, this bill authorizes an income tax
deduction from a taxpayer's Missouri adjusted gross income for
payments on a loan obtained to repair flood damage to the
taxpayer's premises if the damage was not caused by the taxpayer.

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 3:11 pm