WAYS AND MEANS

Bills Assigned to Committee
WAYS AND MEANS
| Description | Committee Members | redbar

redbar

: Exempts from state income tax the first six thousand dollars of public pension income and allows an additional state income tax deduction of up to six thousand dollars for public pension income.

: Prohibits the Department of Revenue from conditioning the property and pharmaceutical tax credits on the filing of a federal income tax return.

: Increases property tax credits for the elderly, exempts the elderly from sales tax on food and enhances Medicaid benefits.

: Exempts from state income tax all pensions received by persons sixty-five years of age and older.

: Freezes the assessed value of certain real property owned by persons 65 years of age and older which is used as a principal residence.

: Allows the sponsorship and mentoring program tax credit to offset the tax on insurance premiums and financial institutions, and clarifies that the credit cannot offset withholding tax.

: Creates an income tax credit for certain amounts paid by individual residents for property taxes.

: Excludes charges of mandatory gratuities incident to the serving of food and drink from the definition of gross receipts for purposes of the sales tax law.

: Reduces the sales tax rate on sales and leases of motor vehicles from four percent to two percent.

: Creates a state earned income tax credit which is phased in over a nine year period.

: Establishes a pharmaceutical relief program for senior citizens in the Department of Social Services.

: Freezes the assessed value of certain real property owned by persons 65 years of age and older which is used as a principal residence.

: Prohibits state and local governments from entering into contingency fee contracts for work performed on tax collection cases.

: Requires counties to allow elderly, disabled and low income persons to pay current real and personal property taxes monthly instead of annually.

: Increases the maximum allowable income to qualify for one hundred percent of the pharmaceutical income tax credit from fifteen thousand dollars to thirty-six thousand dollars.

: Establishes a pharmaceutical assistance program in the Division of Aging.

: Increases the statute of limitations for contesting erroneously paid state taxes from one to three years, and requires interest to be paid on credits and refunds.

: Exempts Social Security benefits and military retirement benefits which are included in federal adjusted gross income from state income tax.

: Exempts the first two hundred fifty dollars of interest income received by a taxpayer from state income tax.

: Creates an income tax credit for certain gifts of personal property to persons with an income below poverty level.

: Provides that, for all tax years beginning on or after January 1, 2001, the premium tax examination fees deduction may be carried forward, but is no longer refundable.

: Reallocates tax credits and amends various other provisions pertaining to distressed communities. Repeals the Missouri Individual Training Account Program.

: Creates a state income tax deduction of up to two thousand dollars for costs of documented health insurance premiums and out-of-pocket medical expenses of individual taxpayers.

: Creates a three hundred dollar income tax credit for certain World War II veterans or their surviving spouses who have not remarried.

: Creates a state income tax credit of up to one hundred dollars for teachers who purchase materials for their classrooms.

: Creates a sales and use tax exemption for all sales of materials purchased for use in the construction of fencing utilized in the production of livestock or poultry.

: Creates a state income tax credit in an amount equal to one thousand dollars per child who reads at such child's current grade level or higher.

: Regulates the refund of incorrectly collected sales and use tax, disallows certain state income tax deductions for pensions, and declares a sales tax holiday for certain clothing purchases.

: Beginning January 1, 2002, increases the state income tax deduction for all retirement benefits from six thousand dollars to seven thousand two hundred dollars and increases income caps.

: Creates a state income tax credit for all personal property taxes paid by active duty military personnel.

: Creates a state income tax credit for individuals who build universal design homes within this state.

: Revises the oath used by the assessors in connection with the annual listing of personal property.

: Allows foster parents to claim a dependency deduction on their state income tax returns.

: Disallows a state income tax deduction for retirement benefits to the extent the same are otherwise excluded or deducted from federal or Missouri adjusted gross income.

: Creates a state income tax credit for contributions to unplanned pregnancy resource centers and to sexual violence crisis service centers.

: Repeals the limit on deductibility of federal income tax paid by individuals and replaces the revenue which will be lost by the Outstanding Schools Trust Fund from general revenue.

: Phases out the personal property tax on motor vehicles if funding is appropriated from the tobacco settlement trust fund.

: Creates the Missouri Homestead Act.

: Increases the state income tax deduction for dependents from twelve hundred dollars to two thousand dollars.

: Creates a state income tax credit for taxpayers who purchase zero emissions vehicles and super-ultra-low emissions vehicles.

: Changes the reassessment cycle for real property taxation from every two to every four years.

: Eliminates the local sales and use tax on food and replaces lost local revenue by reducing the state income tax deduction for individuals for federal income taxes.

: Freezes the assessed value of certain real property owned by persons 65 years of age and older which is used as a principal residence.

: Increases the dependency exemption from $1,200 to $2,400 for all tax years beginning on or after January 1, 2001.

: Increases the amount of the state income tax deduction for long-term health insurance premiums from fifty percent to one hundred percent for tax years beginning after December 31, 2000.

: Increases the maximum property tax credit for the elderly to two thousand dollars and increases eligibility for the property tax credit by raising income caps.

: Exempts from state income tax all amounts spent for medical insurance premiums and out-of-pocket medical costs.

: Creates state income tax credits for donations of high technology equipment to school districts and for donations to school district libraries.

: Creates state income tax credits for employers who contribute to school dropout abatement programs.

: Creates a state income tax credit of up to five thousand dollars per year for any employer who grants its employees paid leave to volunteer at public schools during school hours.

: Makes the shared care income tax credit refundable.

: Phases in an increase of the federal income tax deduction for individual and corporate taxpayers. Revenues lost by the Outstanding Schools Trust Fund are replaced by general revenue.

: Creates a local sales and use tax exemption for services, materials and supplies used in the production of printed materials.

: Provides for the repeal of the Missouri estate tax upon repeal of the federal estate tax.

: Creates "The Missouri Homestead Preservation Act.".

: Creates state income tax credits for taxpayers with pre-first-grade children who score at least 70% on an educational readiness test and for taxpayers who purchase educational readiness materials.

: Creates a state income tax credit for stay-at-home parents with children under the age of six.

: Places administration of tax credits for Americans with Disabilities Act compliance by small businesses under joint administration of the directors of Revenue and Economic Development.

: Expands the sales tax exemption for telecommunication services.

: Creates a sales and use tax exemption for merchandise purchased for use in connection with a funeral, burial or cremation.

: Creates a state income tax credit for taxpayers incurring costs for assistive technology and housing access modifications.

: Creates a state income tax credit for contributions to unplanned pregnancy resource centers and to sexual violence crisis service centers.

: Creates an income tax credit for up to two hundred and fifty dollars of a public school teacher's out-of-pocket expenditures for classroom materials.

: Creates a state income tax deduction for individuals in an amount equal to one hundred percent of health insurance premiums.

: Authorizes cities imposing a storm water, capital improvement or transportation sales tax to impose a sales tax on utilities by ordinance.

: Creates a sales and use tax exemption for sales of natural gas to industrial and commercial customers for the months of February to April and December of 2001, and for January and February of 2002.

: Amends provisions of law governing income and sales tax deficiencies.

: Reduces the corporate income tax rate from 6.25% to 5% and increases the state income tax deduction for federal income tax liability for both corporations and individuals.

: Exempts the first six thousand dollars of expenditures for custodial care and durable medical equipment from state income tax, for a maximum tax savings of one thousand dollars.

: Creates state income tax credits for expenditures of teachers for instructional materials for the classroom.

: Restores full deductibility of federal income taxes for corporate taxpayers.

: Lowers individual income tax rates for tax years beginning on or after January 1, 2002.

: Exempts sales of nonprescription and over-the-counter drugs to persons sixty-five years of age and older from sales tax.

: Creates a simplified sales and use tax administration act.

: Replaces oath requirement with signature requirement for making claim for certain tax refunds.

: Exempts coffins, caskets, and urns from the state sales tax.

: Corrects statue on exemption of bullion and investment coins from sales tax.

: Exempts the sale of coffins, caskets, burial cases, burial vaults and clothing used for burial from sales/use tax.

: Extends the period in which a wood energy producer can claim a tax credit from 5 years to 10 years.

: Creates state income tax credits for cash contributions to educational charities and scholarship charities.

: Revises pharmaceutical income tax credit.

: Clarifies that sales tax applies to sale and lease of motor vehicles and motorcycles.

: Dedicates income tax revenue resulting from gaming winnings to educational uses.

: Allows an income tax credit for taxpayers whose spouse is not employed outside the home and provides child care.

: Exempts retired veterans from all taxes.

: Creates property tax abatement program for volunteer firefighters.

: Exempts military income from state income tax.

: Creates sales tax exemption for railway excursions.

: Allows a tax credit for coal-generated plants built with pollution control devices.

: Requires a certificate of value to be filed with certain transfers of real property.

: Exempts movie tickets from state and local sales taxes.

: Directs Department of Revenue to develop system by which Hancock refunds can be donated to the state.

: Expands the sales tax exemption for telecommunication services.

: Modifies the delinquent date for property and personal taxes.

: Allows abatement and prospective application of taxes in certain situations.

: Technical clarifications to sales and use tax exemption for bullion and investment coins.

: Removes requirement of notarization of tax refund claims.

redbar

Return to the Missouri House of Representatives
Last Updated November 26, 20 at 11:49 am