Missouri 2022 2022 Regular Session

Missouri House Bill HB2635 Comm Sub / Analysis

Filed 02/23/2022

                    HB2635--INCOMETAX
SPONSOR: Gregory(96)
BeginningJanuary1,2023,thetotalamountofanyretirement
benefitsreceivedbyataxpayer65yearsofageorolder,tothe
extentthatsuchamountisincludedinsuchtaxpayer'sfederal
adjustedgrossincomeandnototherwisedeductedfromthe
taxpayer'sfederaladjustedgrossincomewillbesubtractedfrom
thetaxpayer'sMissouriadjustedgrossincome."Retirement
benefits"shallinclude,butnotbelimitedto,anywithdrawalsor
distributionsfromanyretirementaccount.
ThisbillissimilartoHB1434(2021).