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SB 573 - 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 2020 and 2024 in twenty percent increments. The income tax deduction authorized by this act shall apply to income received as salary or compensation in performance of Inactive Duty for Training (IDT) of the National Guard, Annual Training Status (AT) of the National Guard, or in reserve components of the Armed Forces of the United States. The deduction shall not apply to income received while engaging in civilian federal service, including civil service positions requiring the wearing of military uniform and military affiliation. This act is substantially similar to SB 144 (2017). JOSHUA NORBERG HA 1 - THIS AMENDMENT CHANGES THE TITLE FROM "RELATING TO INCOME TAX DEDUCTIONS FOR MILITARY PERSONNEL" TO "RELATING TO THE ARMED SERVICES". HA 2 - THIS AMENDMENT MODIFIES PROVISIONS RELATING TO THE REQUIREMENT TO DISPLAY THE POW/MIA FLAG. HA 3 - THIS AMENDMENT MODIFIES PROVISIONS RELATING TO PARTICIPATION IN THE LINKED DEPOSIT PROGRAM BY VETERAN-OWNED SMALL BUSINESSES. HA 4 - THIS AMENDMENT EXTENDS THE PERIOD OF ASSISTANCE IN THE SHOW-ME HEROES PROGRAM FROM ONE YEAR TO FIVE YEARS FOLLOWING DISCHARGE FROM DEPLOYMENT. HA 5 - THIS AMENDMENT ALLOWS PRIVATE, NONPUBLIC EMPLOYERS TO GRANT PREFERENCE IN HIRING AND PROMOTING EMPLOYEES TO A VETERAN, A SPOUSE OF A DISABLED VETERAN WITH A SERVICE-CONNECTED PERMANENT AND TOTAL DISABILITY, OR TO A SURVIVING SPOUSE OF A DECEASED VETERAN. HA 1 TO HA 5 - THIS AMENDMENT TO HA 5 ESTABLISHES THE VETERANS' BILL OF RIGHTS. HA 6 - THIS AMENDMENT ESTABLISHES THE MISSOURI MILITARY COMMUNITY REINVESTMENT PROGRAM ACT.
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