| SB 0013 | Excludes any capital gains included in federal adjusted gross income from state income tax |
| Sponsor: | Russell | |||
| LR Number: | L0251.01I | Fiscal Note: | 0251-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 02/02/99 - Hearing Scheduled But Not Heard S Ways & Means | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1999 | |||
SB 13 - This act authorizes a state income taxpayer to subtract all capital gains from the taxpayer's federal adjusted gross income when calculating Missouri adjusted gross income.
The act is similar to SB 68 (1997) and SB 540 (1998).
RUSS HEMBREE