HB 838 -- Income Tax:  Pension Deduction

Sponsor:  Flook

Currently, public and private entity retirees may deduct up to
$6,000 of pension allowances received each year if their income
is not in excess of $32,000 for married or $25,000 for single
taxpayers.  This bill removes the income limitation when a
taxpayer reaches the age of 65 years, allowing up to $6,000 of
retirement benefits to be deducted from state income tax
regardless of income.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm