SB 513 - Lamping, John
Creates an income tax credit based on the number of taxpayer's dependent children
Bill Details
Sponsor
LR Number
4337S.01I
Title
SB 513
House Handler
N/A
Journal Page
N/A
Co-Sponsors
Effective Date
August 28, 2014
Committee
Current Status
Voted Do Pass S Ways and Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 513 - This act creates an income tax credit of $400 per child for individuals able to claim a dependency deduction for a qualifying child on their federal income taxes. Individuals with a Missouri adjusted gross income over $46,100 and married couples with a combined Missouri adjusted gross income over $92,200 are ineligible for the credit. The tax credit is nonrefundable, nontransferable, and cannot be carried back or forward.
MIKE HAMMANN