MO HB618

Allows Missouri taxpayers to deduct up to $500 annually for expenses on school supplies and books used for home schooling children, effective for tax years beginning January 1, 2011.

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

Deduction amount equals actual expenditures for school supplies in the tax year, but cannot exceed $500.

Department of Revenue shall establish procedures for claiming the deduction and may promulgate implementing rules under chapter 536.

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