SB 144 Allows members of the National Guard and reserve components of the Armed Forces to deduct military income from their Missouri adjusted gross income
Sponsor: Wallingford
LR Number: 0458S.02I Fiscal Notes
Committee: Veterans and Military Affairs
Last Action: 5/12/2017 - Informal Calendar S Bills for Perfection--SB 144-Wallingford Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2017

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Current Bill Summary

SB 144 - This act allows members of the National Guard or reserve components of the Armed Forces of the United States to deduct such military income from his or her Missouri adjusted gross income to determine such taxpayer's Missouri taxable income. The percentage of such income that may be deducted shall be phased in between tax years 2019 and 2023 in twenty percent increments.