SB 450 – Expands the dependency exemption for income taxes to stillbirths

• Sponsor: Emery
• LR Number: 2154S.01I
• Committee: Ways and Means
• Last Action: 3/19/2015 - Hearing Conducted S Ways and Means Committee
• Effective Date: August 28, 2015

Current Bill Summary

SB 450 - This act extends the current dependency exemption of $1,200 to stillbirths. The taxpayer may only claim the exemption in the year of the stillbirth.

This act is identical to SB 471 (2015) and HB 649 (2015). This act is identical to a provision contained in SS/SCS/HCS/HBs 517 & 754 (2015).

MIKE HAMMANN