Missouri 2024 Regular Session

Missouri Senate Bill SB828

Introduced
1/3/24  

Caption

Allows an income tax deduction for certain law enforcement officers

Impact

If enacted, this bill will amend the tax code to facilitate a significant financial benefit for members of law enforcement by enabling them to reduce their taxable income. The projected adjustments to the income tax code reflect a commitment to not only support law enforcement officials but also to enhance public safety by potentially attracting more individuals to these professions, given the financial incentives proposed.

Summary

Senate Bill 828, known as the 'Back the Blue Act', proposes an income tax deduction for law enforcement officers, including both state and federal personnel. The bill aims to amend chapter 143 of Missouri state law by introducing a new section specifically designed to offer tax relief based on the salaries of these officials. The legislation outlines a gradual increase in the percentage of income that can be deducted from state taxable income, starting at 25% in 2025 and eventually reaching 100% by 2028 for qualifying earnings.

Contention

Debate around SB 828 may arise particularly in terms of fiscal impact and fairness. Supporters argue that providing tax deductions to law enforcement officers is a necessary acknowledgment of their service and risks associated with the job. Critics, however, may question the implications for state revenue and whether such benefits create an appropriate fiscal priority relative to other public service needs. Furthermore, concerns could be raised about focusing financial incentives on a specific group over others who also contribute significantly to public service.

Companion Bills

No companion bills found.

Previously Filed As

MO SB31

Allows an income tax deduction for certain law enforcement officers

MO SB618

Authorizes an income tax deduction for certain farmers

MO SB588

Authorizes an income tax deduction for certain farmers

MO SB25

Authorizes an income tax deduction for certain federal grant money

MO SB448

Modifies provisions relating to income tax exemptions for certain retirement benefits

MO SB585

Modifies provisions relating to income tax exemptions for certain retirement benefits

MO SB241

Modifies provisions relating to income tax exemptions for certain retirement benefits

MO SB452

Authorizes an income tax deduction for income received as overtime pay

MO SB498

Authorizes an income tax deduction for income received as overtime pay

MO SB278

Authorizes an income tax deduction for business expenses related to the sale of marijuana

Similar Bills

No similar bills found.