MO HB1359

Repeals and re-enacts section 143.141, RSMo, relating to Missouri itemized deductions for resident individuals.

Allows taxpayers to deduct the amount paid for search and rescue equipment and motor vehicle mileage used in search and rescue operations, to the extent such costs are not otherwise deductible as charitable donations due to adjusted gross income limits.

Sets the mileage deduction rate for motor vehicles used in search and rescue operations equal to the deduction rate for motor vehicles used in a trade or business.

Maintains existing provisions for Missouri itemized deductions, including reductions for Missouri and other state income taxes, and increases for certain federal self-employment and payroll taxes.