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MO SB234
Bill
AI Summary
- Repeals and replaces section 143.161, RSMo, relating to Missouri dependency exemptions for state income tax purposes
- Allows taxpayers to deduct $1,200 for each dependent for whom they claim a federal dependency exemption, with an additional $1,000 deduction for dependents age 65 or older who reside in the taxpayer's home or their own home and do not receive Medicaid or state facility funding
- Provides an additional $800 deduction for unmarried heads of household or surviving spouses for tax years before January 1, 1999, and an additional $1,400 for tax years beginning on or after January 1, 1999
- Permits taxpayers to claim the $1,200 dependent exemption for stillborn children (for which a certificate of birth resulting in stillbirth has been issued) only in the tax year in which the stillbirth occurred, if the child would have been a member of the taxpayer's household
- Effective for all taxable years beginning on or after January 1, 2011
Legislative Description
Creates an income tax dependency exemption for stillborn children
Last Action
Second Read and Referred S Health, Mental Health, Seniors and Families Committee
2/10/2011
Committee Referrals
Health, Mental Health, Seniors And Families2/10/2011
Full Bill Text
No bill text available