summary
Introduced
01/08/2025
01/08/2025
In Committee
04/30/2025
04/30/2025
Crossed Over
02/13/2025
02/13/2025
Passed
Dead
05/16/2025
05/16/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
Authorizes an income tax deduction for certain survivor benefits
AI Summary
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.
Committee Categories
Budget and Finance, Government Affairs, Military Affairs and Security
Sponsors (2)
Last Action
H Informal Calendar Senate Bills for Third Reading (on 05/14/2025)
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