Summary of the Perfected Version of the Bill

HCS HB 1788 & 1882 -- INCOME TAX DEDUCTION FOR MILITARY PENSIONS
(Day)

COMMITTEE OF ORIGIN:  Special Committee on Veterans

Beginning January 1, 2008, this substitute authorizes an income
tax deduction from a taxpayer's Missouri adjusted gross income
for 100% of any military retirement income, regardless of age or
income.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of
$17,500,000 in FY 2009, FY 2010, and FY 2011.  No impact on Other
State Funds in FY 2009, FY 2010, and FY 2011.

Copyright (c) Missouri House of Representatives


Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm