MO HB736

Allows Missouri resident taxpayers to claim an income tax deduction for tuition, attendance fees, and school supplies paid for dependents enrolled in grades kindergarten through twelve in any elementary or secondary school in Missouri

Deduction amount equals the full amount expended for school supplies, but cannot exceed $2,500 per dependent for each taxable year

Applies to taxable years beginning on or after January 1, 2015

Department of Revenue shall establish procedures and may promulgate rules to implement the deduction under chapter 536

Program automatically sunsets on December 31, six years after the effective date unless reauthorized by the General Assembly, then sunsets twelve years after reauthorization