MO HB425

Allows residents to deduct $1,200 per dependent for whom they claim a federal income tax dependency exemption, effective for taxable years beginning after December 31, 1997

Permits an additional $1,000 deduction for dependents age 65 or older who reside in the taxpayer's home, their own home, or do not receive Medicaid or state facility funding

Increases the additional deduction for unmarried heads of household or surviving spouses from $800 to $1,400 for taxable years beginning on or after January 1, 1999

Allows taxpayers to claim the $1,200 dependency exemption deduction for a stillborn child in the taxable year the stillbirth occurred, if the child would have otherwise been a member of the household, effective for taxable years beginning on or after January 1, 2011