HB1087 Exempts Social Security benefits from state income tax.
Sponsor: Scheve, May (98) Effective Date:00/00/0000
CoSponsor: LR Number: 2828L.01I
Last Action: 01/06/2000 - Referred: Ways and Means (H)
HB1087
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1087 Copyright(c)
* Introduced

Available Bill Text for HB1087
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1087 -- Income Tax Deduction of Social Security Benefits

Sponsor:  Scheve

For the purpose of determining Missouri individual income tax
liability, this bill allows as a subtraction from federal
adjusted gross income any amount of Social Security benefits
received to the extent the amount is included in federal
adjusted gross income.

This deduction will be allowed beginning with tax year 2000.


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Last Updated October 17, 2000 at 9:55 am