SB 888 – Disallows the deduction for property tax paid to another state on nonresident income tax returns

• Sponsor: Goode
• LR Number: 2651S.01P
• Committee: Ways & Means
• Last Action: 5/11/2004 - Referred H Tax Policy Committee
• Journal Page: H1731
• Effective Date: August 28, 2004

Current Bill Summary

SB 888 - Currently, in certain cases, a nonresident may receive an itemized deduction on their federal return for property taxes paid to another state. Current Missouri law does not require that this amount be "added-back" on the Missouri return. Therefore, the deduction for property taxes paid to another state carries through to apply against the Missouri income tax of a nonresident. This act eliminates this deduction by requiring nonresidents to add-back the amount of the federal deduction on their Missouri tax return.

JEFF CRAVER

Amendments

No Amendments Found.