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MO SB115

Bill

Status

Introduced

1/7/2015

Primary Sponsor

Will Kraus

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Amends Section 143.801, RSMo, governing the time limitations for claiming income tax credits or refunds in Missouri
  • Creates a new exception allowing taxpayers to claim credits or refunds beyond the standard limitation periods when the federal IRS changes or the taxpayer amends their federal income tax return after state deadlines have expired
  • Requires claims under the new federal amendment exception to be filed within one year from the time of the federal amendment or IRS change
  • Changes a gendered pronoun reference from "his" to "the taxpayer's" regarding federal income tax deductions under section 143.171

Legislative Description

Modifies provisions relating to taxation

Last Action

In Conference--SS for SCS for SB 115-Kraus, with HCS, as amended (CCR offered)

5/15/2015

Committee Referrals

Fiscal Review4/27/2015
Select Committee on Financial Institutions and Taxation4/15/2015
Ways And Means3/31/2015
Governmental Accountability & Fiscal Oversight2/25/2015
Ways And Means And Fiscal Oversight1/22/2015

Full Bill Text

No bill text available