SB 371 - Current law authorizes a taxpayer to claim a $1,200 exemption for each dependent for whom such taxpayer is entitled to a dependency exemption for federal tax purposes, provided such federal exemption is not equal to $0. This act authorizes a taxpayer to claim a $2,400 exemption during the tax year in which a taxpayer gives birth to a child for which the taxpayer is entitled to a dependency exemption for federal tax purposes, regardless of whether the federal exemption is equal to $0.

This act is identical to SB 1225 (2024) and to a provision in SS/SCS/SB 133 (2023), as amended, and is substantially similar to HB 457 (2023) and SB 12 (2022 First Extraordinary Session).

JOSH NORBERG

Statutes affected:
Introduced (1155S.01): 143.161

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 371
Sponsor: Moon
Hearing Date: 3/26/2025


COMMITTEE: Economic and Workforce Development

CHAIRMAN: Brown (26)

DATE REFERRED: 2/17/2025 DATE HEARING REQUESTED: 3/13/2025



STAFF:
Mary Beth Bruns
Frank Catanzaro
Josh Norberg


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Sam Lee - Campaign Life Missouri
Arnie C. AC "Honest-Abe" DIENOFF-State Public Advocate - State Public Advocate
Lisa Pannett - Armourvine


WITNESSES AGAINST: