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MO HB2449

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Charlie Davis

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Missouri residents on active military duty for 30 days or more may deduct all taxable military income from their Missouri adjusted gross income when calculating state income tax
  • Spouses filing combined returns may also deduct the active duty military income from their combined Missouri adjusted gross income
  • Applies to members of the National Guard, Armed Forces reserve components, Army, Navy, Air Force, Marine Corps, Coast Guard, and U.S. Public Health Service officers assigned to military duty
  • Interest on tax overpayments will be paid at 6% per annum from the original return due date or payment date, whichever is later
  • Amends Section 41.950, RSMo, which already provides various protections for deployed military personnel including extensions for license renewals, vehicle registration, and tax filing deadlines

Legislative Description

Allows an individual to deduct income earned through active military duty from their Missouri adjusted gross income

Last Action

Action Postponed (H)

4/5/2016

Committee Referrals

Veterans3/30/2016

Full Bill Text

No bill text available