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Missouri Senate gives preliminary approval to bill allowing income tax deduction for some veteran survivor benefits
Summary
The Missouri Senate gave preliminary approval Wednesday to Senate Bill 59, sponsored by Sen. Jill Carter of Granby, which would allow an income tax deduction for certain survivor benefits for veterans. Senate Minority Floor Leader Doug Beck voiced concerns about targeted tax breaks.
The Missouri Senate gave preliminary approval Wednesday to Senate Bill 59, a measure sponsored by Sen. Jill Carter of Granby that would allow an income tax deduction for certain survivor benefits for veterans.
The bill would authorize an income tax deduction for those survivor benefits so payments to survivors would not be subject to state income tax, supporters said. The measure now needs further action to move to…
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