FIRST REGULAR SESSION
SENATE BILL NO. 524
90TH GENERAL ASSEMBLY
INTRODUCED BY SENATOR HOUSE.
Read 1st time March 1, 1999, and 1,000 copies ordered printed.
TERRY L. SPIELER, Secretary.
S2166.01I
AN ACT
To amend chapters 143 and 208, RSMo, by adding thereto two new sections relating to tax relief for victims of the Nazi holocaust.
Section A. Chapters 143 and 208, RSMo, are amended by adding thereto two new sections, to be known as sections 143.127 and 208.750, to read as follows:
143.127. 1. For all tax years beginning on or after January 1, 1999, the following amounts received by, and returns and payments to, an individual shall be subtracted from such individual's Missouri adjusted gross income, to the extent such amounts, returns or payments are included in such individual's federal adjusted gross income:
(1) Amounts received as reparations or restitution for the loss of liberty or life or damage to health by the victims of National Socialist (Nazi) persecution;
(2) Returns of tangible or intangible property seized, misappropriated or lost as a result of National Socialist (Nazi) actions or policies and any cash values in replacement of such property;
(3) Payments of insurance policies purchased by the victims of National Socialist (Nazi) persecution; and
(4) Any accumulated or accrued interest on such amounts, returns or payments.
2. The subtraction of the amounts, returns or payments from an individual's Missouri adjusted gross income shall only apply if such individual was a victim of National Socialist (Nazi) persecution, actions or policies or is the spouse or descendant of a victim of National Socialist (Nazi) persecution, actions or policies, and such individual or family member is the first recipient of such amounts, returns or payments.
3. As used in this section, National Socialist (Nazi) persecution, actions and policies means persecution, actions or policies taken by Germany and other countries, or by organizations, institutions and companies within those countries, against the victims of the Nazi Holocaust.
208.750. 1. The following amounts received by, and returns and payments to, an individual shall not be considered income, resources or assets when determining the amount of, or eligibility for, any public assistance, benefit, entitlement or tax relief to such individual pursuant to any state or state-assisted program:
(1) Amounts received as reparations or restitution for the loss of liberty or life or damage to health by the victims of National Socialist (Nazi) persecution;
(2) Returns of tangible or intangible property seized, misappropriated or lost as a result of National Socialist (Nazi) actions or policies and any cash values in replacement of such property;
(3) Payments of insurance policies purchased by the victims of National Socialist (Nazi) persecution; and
(4) Any accumulated or accrued interest on such amounts, returns or payments.
2. The non-consideration of the amounts, returns or payments as income, resources or assets of an individual shall only apply if such individual was a victim of National Socialist (Nazi) persecution, actions or policies or is the spouse or descendant of a victim of National Socialist (Nazi) persecution, actions or policies and such family member is the first recipient of such amounts, returns or payments.
3. As used in this section, National Socialist (Nazi) persecution, actions and policies means persecution, actions or policies taken by Germany and other countries, or by organizations, institutions and companies within those countries, against the victims of the Nazi Holocaust.