SB 25 Creates a tax credit based on the number of the taxpayer's dependent children
Sponsor: Sater
LR Number: 0450S.01I Fiscal Notes
Committee: Ways and Means
Last Action: 4/2/2015 - SCS Voted Do Pass S Ways and Means Committee (0450S.02C) Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015

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Current Bill Summary


SCS/SB 25 - Currently, Missouri residents with dependent children may receive an income tax exemption of $1,200 per child. This act creates an additional $1,300 exemption per dependent child for certain taxpayers. Taxpayers with a filing status other than married filing combined must have a Missouri adjusted gross income of $70,000 or less to qualify. Taxpayers with a filing status of married filing combined must have a combined Missouri adjusted gross income of $140,000 or less to qualify.

MIKE HAMMANN