SB 981 – Authorizes tax credits for earnings taxes for individuals who live and work in different states

• Sponsor: Keaveny
• LR Number: 6050S.02I
• Committee: Ways and Means
• Last Action: 1/28/2016 - Second Read and Referred S Ways and Means Committee
• Journal Page: S206
• Effective Date: August 28, 2016

Current Bill Summary

SB 981 - Under this act, Missouri cities imposing an earnings tax must provide a tax credit to Missouri residents against the earnings tax for any income tax paid in another state. In the event the earnings tax is invalidated, the city imposing that tax is not liable to refund the taxpayers for previously collected taxes.

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