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MO HB1446

Bill

Official Source

Status

Introduced

1/19/2012

Primary Sponsor

Margo McNeil

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Allows individuals to deduct 100% of tuition and fees paid at Missouri public two-year or four-year institutions for the final credit hours needed to complete an associate or bachelor degree
  • Limits deduction to 9 credit hours for associate degrees and 18 credit hours for bachelor degrees, with a maximum of 18 credit hours per taxpayer
  • Requires taxpayer to have been a Missouri resident for at least one year before claiming deduction and to not have been enrolled full-time for at least four consecutive years before resuming degree program
  • Effective for all taxable years beginning January 1, 2013
  • Program automatically sunsets on December 31, six years after effective date unless reauthorized by the general assembly

Legislative Description

Authorizes an income tax deduction for 100% of tuition and fees paid for up to the last nine or 18 hours required to complete an associate or bachelor degree from a public two-year or four-year college

Last Action

Public Hearing Completed (H)

3/8/2012

Committee Referrals

Ways And Means2/29/2012

Full Bill Text

No bill text available