SB 107 Creates an income tax deduction for higher education expenses
Sponsor: Green
LR Number: 0401S.01I Fiscal Note: 0401-01
Committee: Governmental Accountability and Fiscal Oversight
Last Action: 2/5/2009 - Hearing Conducted S Governmental Accountability and Fiscal Oversight Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2009

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Current Bill Summary

SB 107 - 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 894 (2008), Senate Bill 187 (2007), and Senate Bill 670 (2006).