HB 2533 -- Income Tax Deduction for Public College Tuition

Sponsor:  Schoemehl

This bill authorizes, beginning January 1, 2008, an individual
income tax deduction for 100% of the tuition costs for up to the
last 18 hours required to complete a bachelor degree from a
public four-year higher educational institution in this state.
The taxpayer must have been a resident for at least one year
prior to claiming the credit, not have been enrolled as a
full-time student for more than four years, paid tuition at the
resident rate, and provide proof of graduation from a public
four-year higher educational institution conferring the
taxpayer's bachelor degree.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm