| SB 0931 | Authorizes income tax credit for dependents of taxpayers at certain income levels |
| Sponsor: | Maxwell | |||
| LR Number: | S3826.02I | Fiscal Note: | 3826-02 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/10/98 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | January 1, 1999 | |||
SB 931 - This act authorizes an income tax credit for each
dependent for whom a taxpayer is allowed to claim a dependency
exemption deduction. The credit is equal to $250 per dependent,
and is allowed for married taxpayers filing a combined return
with Missouri adjusted gross income of $30,000 or less and for
other filers (single, head of household, qualifying widow or
widower, married filing separately) with Missouri adjusted gross
income of $15,000 or less.
RUSS HEMBREE