SB 513
Creates an income tax credit based on the number of taxpayer's dependent children
LR Number:
4337S.01I
Committee:
Last Action:
4/3/2014 - Voted Do Pass S Ways and Means Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2014

Current Bill Summary

SB 513 - This act creates an income tax credit of $400 per child for individuals able to claim a dependency deduction for a qualifying child on their federal income taxes. Individuals with a Missouri adjusted gross income over $46,100 and married couples with a combined Missouri adjusted gross income over $92,200 are ineligible for the credit. The tax credit is nonrefundable, nontransferable, and cannot be carried back or forward.

MIKE HAMMANN

Amendments