|HB 0406||Relating to State Income Taxes|
|Sponsor:||CHAMPION||Handling House Bill:|
|Last Action:||04/13/95 - Bill Combined with HCS/HB 311|
|Title:||HCS/HB 311 & 406|
HB0406 Champion, Norma Long, Elizabeth L. et al
P R E F I L E D
HB 406 -- State Income Tax
Co-Sponsors: Champion and Long
This bill expands the limited state income tax deduction for government pensions, annuities, or retirement allowances to privately funded annuities, pensions, or retirement allowances to all Missouri taxpayers within the statutorily imposed $6,000 limit.
This bill will become effective January 1, 1996, and applies to all taxable years beginning after December 31, 1995.