SB 777 Creates the Missouri Earned Income Tax Credit
Sponsor: Justus
LR Number: 3241S.01I Fiscal Note: 3241-01
Committee: Ways & Means
Last Action: 3/3/2008 - Hearing Conducted S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2008

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Current Bill Summary

SB 777 - This act creates an income tax credit equal to twenty percent of the earned income credit allowed for federal income taxes under the Internal Revenue Code. The tax credit is refundable. The Director of the Department of Revenue must make efforts to inform taxpayers who may be eligible for the credit every year.

This act is identical to the introduced version of Senate Bill 548 (2007).