SB 548 – Creates the "Missouri Earned Income Tax Credit"

• Sponsor: Justus
• LR Number: 2367S.01I
• Committee: Ways & Means
• Last Action: 2/22/2007 - Second Read and Referred S Ways & Means Committee
• Journal Page: S324
• Effective Date: August 28, 2007

Current Bill Summary

SB 548 - This act creates an income tax credit equal to twenty percent of the earned income credit allowed for federal income taxes under the Internal Revenue Code. The tax credit is refundable. The director of the Department of Revenue must make efforts to inform taxpayers who may be eligible for the credit every year.

JASON ZAMKUS