HB 148 -- Income Tax Deduction for Retirement and Disability Benefits

Sponsor:  Salva

Currently, a public or private retiree may deduct up to $6,000 of
pension allowances received each year if his or her income is not
in excess of $32,000 for married taxpayers or $25,000 for single
taxpayers.  Beginning January 1, 2007, this bill increases the
$6,000 allowance to $12,000 subject to the income limitations.

Disability allowances will also be eligible for this deduction.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am