SB 224 Allows married taxpayers filing joint returns to deduct a portion of contributions to the Missouri Higher Education Savings Program from income
Sponsor: Rupp
LR Number: 1247S.01I Fiscal Note: 1247-01
Committee: Ways & Means
Last Action: 3/14/2007 - Voted Do Pass S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary


SB 224 - Currently, a participant tax payer may deduct up to eight thousand dollars of annual contributions to the Missouri Higher Education Savings Program from income to determine Missouri adjusted gross income. This act modifies the deduction provision to allow married taxpayers filing a joint tax return to deduct up to sixteen thousand dollars of annual contributions from income.

JASON ZAMKUS