SB 888 - Goode, Wayne
Disallows the deduction for property tax paid to another state on nonresident income tax returns
Bill Details
Sponsor
LR Number
2651S.01P
Title
SB 888
House Handler
N/A
Journal Page
H1731
Effective Date
August 28, 2004
Committee
Current Status
Referred H Tax Policy Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 888 - Currently, in certain cases, a nonresident may receive an itemized deduction on their federal return for property taxes paid to another state. Current Missouri law does not require that this amount be "added-back" on the Missouri return. Therefore, the deduction for property taxes paid to another state carries through to apply against the Missouri income tax of a nonresident. This act eliminates this deduction by requiring nonresidents to add-back the amount of the federal deduction on their Missouri tax return.
JEFF CRAVER