Bill > SB59

This bill makes several modifications to Missouri state income tax regulations, with a key focus on expanding tax deductions for survivor benefits. Specifically, the bill adds a provision that allows 100% tax deduction for retirement benefits received by a taxpayer, including all survivor benefits, for those who have served as first responders starting January 1, 2026. The bill defines "first responders" as state and local law enforcement personnel, telecommunicator first responders, fire department personnel, and emergency medical personnel who may be deployed to various emergency situations like bioterrorism attacks, terrorist attacks, catastrophic or natural disasters, and other emergencies. Additionally, the bill includes other tax-related modifications, such as a deduction for educator expenses up to $500 starting in 2025 and a deduction for first responder compensation up to $500. The bill also makes several technical changes to how Missouri calculates adjusted gross income, including modifications related to federal tax law and various types of income and deductions. The provisions are part of ongoing efforts to provide tax relief and recognize the contributions of specific professional groups.

Budget and Finance, Government Affairs, Military Affairs and Security

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=103