HB 1122 -- Property Tax Deduction and Income Exemption for Retired
Taxpayers

Sponsor:  Wildberger

This bill allows a deduction from the individual income tax for
real 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.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:42 am