SB 623 - Hough, Lincoln
Authorizes a tax credit to offset taxation on utilities
Bill Details
Sponsor
Hough, Lincoln
LR Number
2720S.02I
Title
SB 623
House Handler
N/A
Journal Page
Effective Date
August 28, 2021
Committee
Current Status
Second Read and Referred S Economic Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 623 - This act establishes the Missouri Utility Tax Relief Tax Credit Act.
For the 2022 tax year, this act authorizes taxpayers to claim a $150 tax credit for the purposes of offsetting taxes and fees associated with the usage of utilities. The tax credit shall be refundable, but shall not be transferred or sold.
JOSH NORBERG