HB1938 Excludes, for purposes of the circuit breaker, social security and railroad retirement benefits from the definition of income.
Sponsor: Gaw, Steve (22) Effective Date:00/00/0000
CoSponsor: Scheve, May (98) LR Number: 4316L.02I
Last Action: COMMITTEE: WAYS AND MEANS
03/14/2000 - Executive Session Held (H)
VOTED DO PASS WITH AMENDMENT
HB1938
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT
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Available Bill Summaries for HB1938 Copyright(c)
* Introduced

Available Bill Text for HB1938
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1938 -- Income Tax:  Circuit Breaker

Co-Sponsors:  Gaw, Scheve, Davis (122), Abel, Boucher, Foley,
Kreider

This bill expands the income qualifications for eligibility for
the senior citizens/disabled persons property tax credit,
commonly known as circuit breaker.  Taxpayers will be allowed to
deduct from eligible income 100% of any social security
benefits, railroad retirement benefits, and public school
retirement benefits received during the tax year.

The bill will apply to tax year 2000 and thereafter.


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