SB 0366 Authorizes income tax credit of 10% property tax paid
LR Number:S1594.01I Fiscal Note:1594.01
Committee:Ways and Means
Last Action:03/09/99 - Hearing Conducted S Ways & Means Committee Journal page:
Effective Date:August 28, 1999
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Current Bill Summary

SB 366 - This act authorizes a state income tax credit equal to ten percent of all property taxes paid to the state of Missouri or to any of its political subdivisions. The credit is not refundable, and would apply to all taxable years beginning on or after January 1, 2000. The Director of Revenue is authorized to promulgate rules and regulations to administer the credit.