SB888 - Disallows the deduction for property tax paid to another state on nonresident income tax returns

SB 0888

Disallows the deduction for property tax paid to another state on nonresident income tax returns

Sponsor:	Goode
LR Number:	2651S.01P	Fiscal Note:	2651-01
Committee:	Ways and Means
Last Action:	05/11/04 - Referred H Tax Policy Committee		Journal page:	H1731
Title:
Effective Date:	August 28, 2004

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Current Bill Summary

SB 888 - Currently, in certain cases, a nonresident may receive an itemized deduction on their federal return for property taxes paid to another state. Current Missouri law does not require that this amount be "added-back" on the Missouri return. Therefore, the deduction for property taxes paid to another state carries through to apply against the Missouri income tax of a nonresident. This act eliminates this deduction by requiring nonresidents to add-back the amount of the federal deduction on their Missouri tax return.
JEFF CRAVER