SB 295 - This act creates a one dollar check-off on the Missouri income tax return. The money designated by the check-off will be deposited into the Missouri Military Family Relief Fund, to be administered by a member of the National Guard, a member of the reserves and a representative of the Missouri Veteran's Commission. The money shall be distributed to the families of Missouri residents who are members of the National Guard or the reserves and have been called to duty between September 11, 2001 and December 31, 2010. The check-off of one dollar is primarily for taxpayers who are to receive a refund. However, taxpayers who owe taxes may also contribute to the fund and any taxpayer may elect to contribute more than one dollar.
The act shall sunset in six years.
This act is identical to HCS/SCS/SB 1336 (2004).