HB 412 -- Income Tax Deduction for Military Retirement

Sponsor:  Wasson

This bill authorizes an individual income tax deduction for any
military retirement benefits received by a taxpayer that has not
already been deducted or excluded from his or her federal
adjusted gross income.  The deduction is phased in at the rate of
20% per year for a period of five years, beginning January 2006.
The current limited deduction for military retirement benefits is
removed in lieu of the full deduction.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:19 pm