SB 98 - Smith, Jeff
Creates an income tax deduction for the purchase of qualified hybrid motor vehicles
Bill Details
Sponsor
LR Number
0082S.01I
Title
SB 98
House Handler
N/A
Journal Page
Effective Date
August 28, 2009
Current Status
Second Read and Referred S Governmental Accountability and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 98 - This act creates an income tax deduction for the purchase of qualified hybrid motor vehicles. Missouri taxpayers who purchase certain new hybrid motor vehicles for their own use shall be able to deduct from their Missouri adjusted gross income the lesser of either $2,000 or 10% of the vehicle's purchase price. The tax deduction shall sunset six years after enactment unless reauthorized.
This act is similar to HB 1326 (2008).
ERIKA JAQUES