Modifies provisions relating to income tax deductions for enlistment bonuses paid to members of the armed forces
Maddy summaryHB 1713 modifies Missouri state tax laws to allow service members to deduct enlistment bonuses and other military compensation from their state taxable income. The bill establishes a phased schedule where the deduction for National Guard and reserve bonuses increases annually, reaching a full one-hundred percent deduction for tax years starting on or after January 1, 2024. Additionally, the legislation removes the requirement for National Guard members to receive COVID-19 vaccinations as a condition of state duty and creates a program to award medallions and certificates to veterans who served in specific operations between 2001 and 2021.
Passed May 9, 2024
0 co-sponsors