HB 3021 - Expands One Time Tax Credits of $500 to Individuals and $1,000 for Married Couples - Missouri Key Vote

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Title: Expands One Time Tax Credits of $500 to Individuals and $1,000 for Married Couples

Vote Smart's Synopsis:

Vote to pass a bill that expands one-time tax credits of $500 to individuals and $1,000 to married couples.

Highlights:

 

  • Expands one-time economic recovery tax credits of $500 to eligibile individuals filing individual Missouri income tax returns and $1,000 to married couples filing comibined Missouri income tax return for the taxable year 2021 (Sec. 21.005).

  • Defines “eligible individual” as any individual or married couple who cannot be claimed as a dependent (Sec. 21.005).

  • Appropriates $1.25 billion from the general fund for the purposes of this act (Sec. 21.010).

Title: Expands One Time Tax Credits of $500 to Individuals and $1,000 for Married Couples

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