Missouri Lawmaker Introduces Bill to Exempt Stimulus Checks from State TaxEpoch Times, United States politics | The Epoch Times

A Republican lawmaker in Missouri has introduced state-level legislation to exempt federal stimulus checks—or economic impact payments—from state income tax. Cody Smith, who chairs the Missouri House Budget Committee, sponsored the bill (pdf), which excludes economic impact payments from a Missouri taxpayer’s adjusted gross income, effectively exempting them from state taxes. Smith’s bill is similar to legislation adopted in Missouri last year that waived state income taxes on federal stimulus checks that were distributed under the 2020 Coronavirus Aid, Relief, and Economic Security, or CARES, Act. “This legislation would waive that personal income tax not only on the most recent round of stimulus related to COVID-19, but on anything going forward related to this pandemic specifically,” Smith told Missourinet in an interview published on Feb. 15. The most recent batch of stimulus, worth $900 billion, was signed into law by President Donald Trump on Dec. 27. It provided a round of $600 …Read More

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