House OKs Tax Break for Retired Military
1 decade 3 years 4 months ago
Tuesday, February 27 2007
Feb 27, 2007
Tuesday, February 27, 2007 1:50:31 PM CST
February 27, 2007
in
News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - Retired military members would get a break on taxes under legislation endorsed by the House. The measure provides an income tax credit on taxes otherwise due on military retiree benefits. It's expected to cost about $26 million in the first year. Supporters say about 20 other states offer a similar break, including neighboring Illinois and Kansas. Missouri has about 32,000 people who have retired from the military. The House amended the bill to allow refunds for poor families when the credit exceeds the taxes they would owe. The measure needs another vote to move to the Senate.
View Story CommentsMore News
Grid
List
COLUMBIA – Monday marked the deadline for parents to fill out a Columbia Public Schools survey asking whether families prefer...
More >>
16 hours ago
Tuesday, July 07 2020
Jul 7, 2020
Tuesday, July 07, 2020 5:21:00 PM CDT
July 07, 2020
in Continuous News
Editor's note: Vivek H. Murthy served as the 19th Surgeon General of the United States and is the author of...
More >>
22 hours ago
Tuesday, July 07 2020
Jul 7, 2020
Tuesday, July 07, 2020 11:23:26 AM CDT
July 07, 2020
in A Brighter Tomorrow
Columbia, MO
82°
82°
10am
84°
84°
11am
87°
87°
12pm
89°
89°
1pm
91°
91°
