- Introduced -

SB 3 - This act prevents the receipt of a 2001 federal income tax advance refund check from resulting in an increase in the receiving taxpayer's Missouri state income tax liability. In addition to the current federal-tax-liability deduction allowed from a taxpayer's Missouri adjusted gross income, each individual taxpayer receiving a check pursuant to the accelerated ten percent income tax rate bracket for 2001 (under the new Internal Revenue Code Section 6428(e)) will be allowed an additional deduction from Mo AGI to the extent such check would otherwise increase the taxpayer's Missouri taxable income.

This act has an emergency clause.

ALAN KELLY