HB 191 Lewis, Ed
HB 191 -- TEACHER INCOME TAX DEDUCTION
SPONSOR: Lewis (6)
This bill provides an income tax deduction on the income received by any taxpayer for services as a teacher, as defined in the bill.
Beginning January 1, 2024, the tax deduction will be based on the income reported and years of service that a teacher has calculated in the Missouri Teacher Retirement System:
(a) For any teacher providing service in their 6th year through their 10th year, 25% of such income; (b) For any teacher providing service in their 11th year through their 20th year, 50% of such income; (c) For any teacher providing service in their 21st year through their 30th year, 75% of such income; and
(d) For any teacher providing service in their 31st year and above, 100% of such income.
The provisions of this bill sunset six years after the effective date unless reauthorized.
This bill is similar to HB 2803 (2022).