Bill > SB25

This bill authorizes an income tax deduction for 100% of any federal grant monies received for the purpose of providing or expanding access to broadband internet in areas of the state deemed to be lacking such access. This deduction is in addition to other existing deductions from Missouri adjusted gross income, such as interest on U.S. government obligations, certain military service income, and retirement benefits from the Armed Forces. The bill aims to incentivize broadband infrastructure development by allowing taxpayers to deduct the full amount of eligible federal grant funding from their state taxable income.

Budget and Finance, Government Affairs

https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44696