HB 611 -- Income Tax Deduction for Social Security Benefits for
the Elderly

Sponsor:  Wildberger

Beginning January 1, 2007, this bill authorizes an individual
income tax deduction for any Social Security benefits received
and any privately funded retirement when the resident taxpayer
receives no Social Security benefits because of participation in
the private retirement system.  The taxpayer must be 65 years of
age or older and have a federal adjusted gross income of $89,000
or less to qualify for the deduction.

The provisions of the bill will expire six years from the
effective date.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am