SB 13
Modifies provisions relating to the Missouri Working Family Tax Credit
Sponsor:
LR Number:
5942S.01I
Committee:
Last Action:
9/15/2022 - Second Read and Referred S Appropriations Committee
Journal Page:
S9
Title:
Calendar Position:
Effective Date:
90 days after adjournment

Current Bill Summary

SB 13 - Current law authorizes a taxpayer to claim a tax credit equal to a percentage of the amount such taxpayer would receive under the federal Earned Income Tax Credit, with any amount of such tax credit that exceeds the taxpayer's tax liability being non-refundable. This act modifies such tax credit so that any amount of the tax credit that exceeds the taxpayer's tax liability shall be refundable.

JOSH NORBERG

Amendments

No Amendments Found.