Summary of the Introduced Bill

HB 194 -- Personal Property Tax Deduction and Income Exemption
for Retired Taxpayers

Sponsor:  Wildberger

This bill allows a deduction from the individual income tax for
personal property taxes paid by retired taxpayers and exempts the
first $50,000 from income tax for retired residents whose primary
source of income is from investments, private pensions, or Social
Security benefits.

The provisions of the bill will expire six years from the
effective date.

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm