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SB 513 - This act creates an income tax credit of $400 per child for individuals able to claim a dependency deduction for a qualifying child on their federal income taxes. Individuals with a Missouri adjusted gross income over $46,100 and married couples with a combined Missouri adjusted gross income over $92,200 are ineligible for the credit. The tax credit is nonrefundable, nontransferable, and cannot be carried back or forward. MIKE HAMMANN
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