SB 565 - Loudon, John
Creates a tax deduction for organ donation
Bill Details
Sponsor
LR Number
3725S.01I
Title
SB 565
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2006
Committee
Current Status
Hearing Scheduled But Not Heard S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 565 - The act allows for a ten thousand dollar state income tax deduction to be taken in the year in which a organ donation is made. Missouri drivers licenses will have a notice on the back of each license stating that Missouri allows a one-time ten thousand dollar state income tax deduction for organ donations.
The act defines which organs qualify for the deduction, as well as what expenses will be deductible. The deduction is not available for a part-year resident or a nonresident.
The act has an effective date of January 1, 2007.
JASON ZAMKUS