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Missouri Bill Would Exempt Social Security Benefits from State Income Tax

January 10, 2023 5:55AM CST
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Missouri Bill Would Exempt Social Security Benefits from State Income Tax
Missouri Senate Chamber. Photo by Missouri Senate

(MISSOURINET) –  State Senator Tony Luetkemeyer (LOOT-ka-meyer) says Missouri is one of only 11 states in the nation that taxes Social Security benefits. The Republican from northwest Missouri’s Parkville has filed a bill that would exempt those benefits…

The potential cost of this plan is unknown at this time. Missouri has a reported six-billion-dollars in extra cash. Luetkemeyer says he thinks Missouri can afford this plan long-term because most other states have figured out a way to make this work.

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