Summary of the Introduced Bill

HB 895 -- Tax Credit for Military-Related Employees

Sponsor:  LeVota

This bill authorizes a tax credit to partnerships and
corporations for 100% of the salary and benefits paid to any
employee while on active military duty.  The credit will be
considered an overpayment of tax and refundable if the amount of
the credit exceeds the corporation's tax liability.

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Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm