SB 187 Creates an income tax deduction for higher education expenses
Sponsor: Green
LR Number: 0594S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 1/17/2007 - Second Read and Referred S Ways & Means Committee Journal Page: S115
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 187 - This act creates a deduction against a taxpayer's Missouri state income tax for qualified higher education expenses. In order to qualify, the taxpayer student or taxpayer claiming a student as a dependent, must have a federal adjusted gross income of less than two hundred thousand dollars regardless of whether the taxpayer files a joint or single return and the educational expenses must be incurred by a student registered at least half time.

This act is similar to Senate Bill 670 (2006).