Bill
Bill > SB31
summary
Introduced
01/04/2023
01/04/2023
In Committee
01/12/2023
01/12/2023
Crossed Over
Passed
Dead
05/12/2023
05/12/2023
Introduced Session
2023 Regular Session
Bill Summary
Allows an income tax deduction for certain law enforcement officers
AI Summary
This bill allows an income tax deduction for certain law enforcement officers. Specifically, it allows members of the Missouri State Highway Patrol and peace officers to deduct a percentage of their first $100,000 in income from their Missouri adjusted gross income for tax purposes. The deduction starts at 25% for the 2024 tax year and increases to 100% for 2027 and all subsequent years. The bill also grants the Missouri Department of Revenue the authority to promulgate rules and regulations necessary for administering this new tax deduction.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Read and Referred S Economic Development and Tax Policy Committee (on 01/12/2023)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44558 |
| Analysis - Summary: Introduced | https://www.senate.mo.gov/23info/BTS_Web/Summary.aspx?SessionType=R&SummaryID=10996803&BillID=44558 |
| Fiscal Note - 0060S.01I.ORG | https://senate.mo.gov/FiscalNotes/2023-1/0060S.01I.ORG.pdf |
| Fiscal Note - 0060S.01I.COR | https://senate.mo.gov/FiscalNotes/2023-1/0060S.01I.COR.pdf |
| Analysis - Summary: Introduced | https://www.senate.mo.gov/23info/BTS_Web/Summary.aspx?SessionType=R&SummaryID=38020&BillID=44558 |
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