SB 0002 Disallows the deduction for property tax paid to another state on nonresident income tax returns
Sponsor:Goode Co-Sponsor(s)
LR Number:2341S.01I Fiscal Note:2341-01
Committee:Ways and Means
Last Action:09/11/03 - Motion to report bill Do Pass Failed S Ways & Means Journal page:
Effective Date:Emergency Clause
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Current Bill Summary

SB 2 - Currently, in certain cases, a nonresident may receive an itemized deduction on their federal return for property taxes paid to another state. Current Missouri law does not require that this amount be "added-back" on the Missouri return. Therefore, the deduction for property taxes paid to another state carries through to apply against the Missouri income tax of a nonresident. This act eliminates this deduction by requiring nonresidents to add-back the amount of the federal deduction on their Missouri tax return.