SB 670 Creates an income tax deduction for higher education expenses
Sponsor: Green
LR Number: 3371S.01I Fiscal Note: 3371-01
Committee: Ways & Means
Last Action: 2/9/2006 - Hearing Conducted S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SB 670 - This act creates a deduction against a taxpayers Missouri state income tax for qualified higher education expenses. In order to qualify, the taxpayer student or taxpayer claiming a student as a dependent, must have a federal adjusted gross income of less than two hundred thousand dollars regardless of whether the taxpayer files a joint or single return and the educational expenses must be incurred by a student registered at least half time.