FIRST REGULAR SESSION
HOUSE BILL NO. 226
91ST GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE GASKILL.
Pre-filed January 2, 2001, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
AN ACT
To amend chapter 135, RSMo, relating to tax relief by adding thereto one new section relating to the same subject.
Section A. Chapter 135, RSMo, is amended by adding thereto one new section, to be known as section 135.342, to read as follows:
135.342. For tax years beginning on or after January 1, 2001, a taxpayer who is a teacher, as defined in subdivision
(11) of section 163.011, RSMo, shall be allowed to claim a credit against the tax otherwise due pursuant to chapter
143, RSMo, excluding sections 143.191 to 143.265, RSMo, and related provisions, in an amount equal to the lesser of
one hundred dollars or the amount such taxpayer's expenditures during the same tax year for materials used in the
course of such taxpayer's employment as a teacher. A taxpayer shall claim the credit allowed by this section at the
time such taxpayer files a return; provided that, a taxpayer who fails to timely file such taxpayer's return shall not
be eligible for a credit pursuant to this section. The tax credit allowed pursuant to this section shall be
nonrefundable, but may be carried over to the next five succeeding taxable years until the full credit has been
claimed. The department of revenue is authorized to adopt any rules or regulations deemed necessary for the
effective administration of this section. No rule or portion of a rule promulgated pursuant to the authority of this
section shall become effective unless it has been promulgated pursuant to the provisions of chapter 536,
RSMo.
Missouri House of
Representatives