Effective – 28 Aug 1999 143.111. Missouri taxable income. — The Missouri taxable income of a resident shall be such resident’s Missouri adjusted gross income less: (1) Either the Missouri standard deduction or the Missouri itemized deduction; (2) The Missouri deduction for personal exemptions; (3) The Missouri deduction for dependency exemptions; (4) The deduction for […]
Effective – 28 Aug 1999 143.113. Deduction for health insurance costs of self-employed individuals, rules. — 1. For all taxable years beginning on or after January 1, 2000, an individual taxpayer who is an employee within the meaning of Section 401(c)(1) of the Internal Revenue Code of 1986, as amended, shall be allowed to subtract […]
Effective – 14 Oct 2016 *143.114. Deduction for sales or exchanges of employer securities to a qualified Missouri employee stock ownership plan — information provided to former employees upon separation. — 1. As used in this section, the following terms mean: (1) “Commercial domicile”, the principal place from which the trade or business of the […]
Effective – 28 Aug 2007 143.118. Health care sharing ministry deduction — rulemaking authority. — 1. For all taxable years beginning on or after January 1, 2007, an individual taxpayer shall be allowed to subtract from the taxpayer’s Missouri adjusted gross income to determine Missouri taxable income an amount equal to the amount which the […]
Effective – 28 Aug 2022, 2 histories 143.119. Federal health insurance deduction, state tax credit — rulemaking authority — sunset provision. — 1. A self-employed taxpayer, as such term is used in the federal internal revenue code, who is otherwise ineligible for the federal income tax health insurance deduction under Section 162 of the federal […]
Effective – 28 Aug 2021, 10 histories 143.121. Missouri adjusted gross income. — 1. The Missouri adjusted gross income of a resident individual shall be the taxpayer’s federal adjusted gross income subject to the modifications in this section. 2. There shall be added to the taxpayer’s federal adjusted gross income: (1) The amount of any […]
Effective – 14 Jun 1989 143.123. Taxes on annuities, pensions and retirement allowances, subtraction per taxpayer, maximums per year or six-month period. — Any six thousand dollar subtraction provided by law for annuities, pensions, and retirement allowances in total per taxpayer, as hereafter provided by subsequent law, shall be implemented in a maximum amount of […]
Effective – 28 Aug 2021, 3 histories 143.124. Annuities, pensions, retirement benefits, or retirement allowances provided by state, United States, political subdivisions or any other state, Keogh plans, annuities from defined pension plans and IRAs, amounts subtracted from Missouri adjusted gross income. — 1. Other provisions of law to the contrary notwithstanding, for tax years […]
Effective – 28 Aug 2007 143.125. Social Security benefits income tax exemption — amount — rulemaking authority. — 1. As used in this section, the following terms mean: (1) “Benefits”, any Social Security benefits received by a taxpayer age sixty-two years of age and older, or Social Security disability benefits; (2) “Taxpayer”, any resident individual. […]
Effective – 28 Aug 2000 143.127. Deduction for restitution received by victims of National Socialist (Nazi) persecution. — 1. For all tax years beginning on or after January 1, 2000, the following amounts received by an individual or returns and payments to an individual shall be subtracted from such individual’s federal adjusted gross income, to […]
Effective – 01 Jan 1990 143.131. Missouri standard deduction, when used, amount. — 1. The Missouri standard deduction may be deducted in determining Missouri taxable income of a resident individual unless the taxpayer or his spouse has elected to itemize his deduction as provided in section 143.141. 2. The Missouri standard deduction shall be the […]
Effective – 01 Jan 1993 143.141. Itemized deductions, when authorized, how computed. — If federal taxable income of a resident individual is determined by itemizing deductions from his federal adjusted gross income, he may elect to deduct his Missouri itemized deduction in lieu of his Missouri standard deduction. The Missouri itemized deduction of a resident […]
Effective – 28 Aug 1977 143.143. Provisions of sections 143.131 and 143.141 effective, when. — The provisions of sections 143.131 to 143.143 shall apply with respect to all taxable years beginning after December 31, 1976. ——– (L. 1977 S.B. 451 § A)
Effective – 01 Jan 2019, 2 histories 143.151. Missouri personal exemptions. — For all taxable years beginning before January 1, 1999, a resident shall be allowed a deduction of one thousand two hundred dollars for himself or herself and one thousand two hundred dollars for his or her spouse if he or she is entitled […]
Effective – 01 Jan 2019, 2 histories 143.161. Missouri dependency exemptions. — 1. For all taxable years beginning after December 31, 1997, a resident may deduct one thousand two hundred dollars for each dependent for whom such resident is entitled to a dependency exemption deduction for federal income tax purposes, provided that the exemption amount […]
Effective – 01 Jul 2021, 4 histories 143.171. Federal income tax deduction, amount, corporate and individual taxpayers. — 1. For all tax years beginning on or after January 1, 1994, and ending on or before December 31, 2018, an individual taxpayer shall be allowed a deduction for his or her federal income tax liability under […]
Effective – 28 Aug 2012, 2 histories 143.173. Tax deduction for job creation by small businesses, definitions, amount, procedure, sunset date. — 1. As used in this section, the following terms mean: (1) “County average wage”, the average wages in each county as determined by the department of economic development for the most recently completed […]
Effective – 28 Aug 2016 143.174. Tax deduction for compensation received as an active duty military member. — For all tax years beginning on or after January 1, 2016, for purposes of calculating the Missouri taxable income as required under section 143.011, one hundred percent of the income received by any person as salary or […]
Effective – 28 Aug 2018 143.175. Military personnel, reserves and inactive duty training, deduction, amount. — 1. For all tax years beginning on or after January 1, 2020, for purposes of calculating the Missouri taxable income as required under section 143.011, a percentage of the income received by any person as salary or compensation: (1) […]
Effective – 01 Jan 2023 143.177. Missouri working family tax credit act — definitions — tax credit for percentage of federal earned income tax credit — department duties — annual report — rulemaking authority. — 1. This section shall be known and may be cited as the “Missouri Working Family Tax Credit Act”. 2. For […]
