INTRODUCED
HB 1746 -- Income Tax: Personal and Dependency Deductions
Sponsor: Marble
This bill makes the personal exemption and dependency deduction
equal to the amount of exemption and deduction allowed under
federal law. Under current Missouri law, the personal exemption
is $2,100 for a single taxpayer, $4,200 for a married taxpayers,
and $3,500 for head of household. The dependent deduction is
$1,200 for each dependent. The current federal allowance for
personal exemption and dependents is $2,750 for each person and
each dependent. The federal amount is indexed each year for
inflation.
The bill also requires the Director of Revenue to create an
income tax return card, no larger than 5" x 7", for non-itemized
returns.

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Last Updated October 5, 2000 at 11:34 am