SB 107 – Creates an income tax deduction for higher education expenses

• Sponsor: Green
• LR Number: 0401S.01I
• Committee: Governmental Accountability and Fiscal Oversight
• Last Action: 2/5/2009 - Hearing Conducted S Governmental Accountability and Fiscal Oversight Committee
• Effective Date: August 28, 2009

Current Bill Summary

SB 107 - This act creates a deduction against a taxpayer's Missouri state income tax for qualified higher education expenses. In order to qualify, the taxpayer student or taxpayer claiming a student as a dependent, must have a federal adjusted gross income of less than two hundred thousand dollars regardless of whether the taxpayer files a joint or single return and the educational expenses must be incurred by a student registered at least half time.

This act is similar to Senate Bill 894 (2008), Senate Bill 187 (2007), and Senate Bill 670 (2006).

JASON ZAMKUS