HB 1170 -- TAXATION OF DEFERRED COMPENSATION PLANS

SPONSOR: Christ

Currently, the term "salaries, wages, commissions, and other compensation", for the purposes an earnings tax, does not include any contributions to deferred compensation plans if such a contribution is not subject to Missouri state income tax at the time the contribution is made.

This bill also excludes any payment under such a compensation plan if the payment is not subject to Missouri state income tax at the time the payment is made.

Statutes affected:
Introduced (1551H.01): 92.113