MO HB2334

Allows Missouri taxpayers to deduct school supply expenses from Missouri adjusted gross income, with a maximum deduction of $500 per tax year.

Defines "school supplies" as any books or supplies used for the purpose of home schooling a child.

Applies to all taxable years beginning on or after January 1, 2010.

Directs the Department of Revenue to establish procedures for claiming the deduction and to promulgate implementing rules under chapter 536 authority.

Automatically sunsets on December 31, six years after the effective date unless reauthorized by the General Assembly; if reauthorized, sunsets on December 31, twelve years after reauthorization.