HB507 ALLOWS DEDUCTION OF SOCIAL SECURITY BENEFITS FROM CALCULATION OF MISSOURI ADJUSTED GROSS INCOME.
Sponsor: Froelker, James V. (111) Effective Date:01/01/2000
CoSponsor: LR Number:1380-01
Last Action: COMMITTEE: WAYS AND MEANS
02/09/1999 - Public Hearing Held (H)
HB507
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB507 Copyright(c)
* Introduced

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BILL SUMMARIES

INTRODUCED

HB 507 -- Income Tax Deduction for Social Security Benefits

Sponsor:  Froelker

This bill allows as a subtraction from federal adjusted gross
income, for the purpose of determining Missouri individual
income tax liability, any amount of Social Security benefits
received to the extent the amount is included in federal
adjusted gross income.

This bill will become effective January 1, 2000.


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Last Updated September 30, 1999 at 1:25 pm