SB2 - Disallows the deduction for property tax paid to another state on nonresident income tax returns

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:
	Committee
Title:
Effective Date:	Emergency Clause

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2003 Senate Bills

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.
JEFF CRAVER