(May 23, 2019) — The 2019 session wrapped up in rather typical fashion, a lot of bills on the last day. In all, 96 bills were Truly Agreed and Finally Passed (TAFP’d) throughout the session covering a range of topics including economic development, workforce development, tort reform, abortion regulation and child safety among many other issues. I will cover all TAFP bills throughout the next several weeks. However, this week I will begin with my bills.
Throughout the session I have kept a rolling update of my bills and their status. Now the session is over, and one of my bills, HB 1094 attached to SB 87 made it across the finish line. To begin the year in review, I will list the status of all my bills and then an in-depth look at SB 87, including my amendment. Next week I will continue the review of other TAFP’d bills.
Final Status for My Bills
As noted above, only HB 1094, attached as an amendment to SB 87, made it across this year’s finish line. This proved to be the one vehicle to pass tax relief out of six opportunities on various bills, mostly amendments. Below is a complete list of the bills I have officially filed with a final status report in the parentheses:
- HCR 16 – Urges Congress to recognize World War II Ghost Army (died in Senate)
- HB 573 – Title IX proceedings due process requirements (died in House)
- HB574 – Companion to HB 573 (died in committee)
- HB 575- Authorizes Campus Protection Officers (died in Senate)
- HB 576 – Campus Free Expression (died in Senate)
- HB 577 – National Motto displays in schools (died in House committee)
- HB 1093- Expands Dual Credit Fund (amended onto HB 575-died in Senate)
- HB 1094 – Tax Penalty Relief for 2018 (amended to and TAPF’d on SB 87)
A full recap of SB 87 is presented in the next section.
HCS SB 87 — MODIFIES PROVISIONS RELATED TO TAXATION
The underlying bill adds the cities of Higginsville, Lexington, and Odessa to the list of cities and counties authorized to impose a transient guest tax for the purpose of funding the promotion of tourism (Section 67.1360, RSMo). The other provisions are:
PUBLIC SAFETY OFFICER SURVIVING SPOUSE TAX CREDIT: This provision reauthorizes the Public Safety Officer Surviving Spouse tax credit until December 31, 2027 (Section 135.090).
RESIDENTIAL RENOVATIONS FOR DISABILITY TAX CREDIT: This amendment reauthorizes the Residential Renovations for Disability tax credit until December 31, 2025 (Section 135.562).
PROTESTED TAXES: Currently, taxpayers are allowed to receive interest on property taxes paid under protest and that have been distributed by the collector to appropriate taxing authorities at a rate equivalent to the rate of interest such taxes would have earned if held by the collector. This amendment entitles such a taxpayer to receive interest at the same rate as provided under current law for various Department of Revenue purposes, including interest earned on income tax refunds.
Taxpayers may seek an order enforcing the provisions of this bill against a collector and any taxing jurisdictions, which received the protested funds (Section 139.031).
MISSOURI ADJUSTED GROSS INCOME: This amendment provides that for all tax years beginning on or after January 1, 2018, interest expenses paid or accrued in a previous taxable year, but allowed as a deduction in the current taxable year for federal tax purposes by reason of the carry forward of disallowed business interest provisions of federal law, will be added to a taxpayer's federal adjusted gross income for the purposes of the calculation of Missouri adjusted gross income.
This bill also provides that for all tax years beginning on or after January 1, 2018, interest expenses paid or accrued in the current taxable year, but not allowed as a deduction for federal tax purposes, will be subtracted from a taxpayer's federal adjusted gross income for the purposes of the calculation of Missouri adjusted gross income (Section 143.121).
LATE INCOME TAX PAYMENTS: My amendment provides that no taxpayer who timely files his or her individual income tax return for the 2018 tax year will be assessed any penalty for a delayed payment or underpayment on such tax liability prior to December 31, 2019, provided that such taxpayer participates in good faith in a payment plan authorized by the Department of Revenue. However, such taxpayer may be assessed interest on such liability provided that no interest will be assessed prior to May 15, 2019 (Section 143.732).
The provision sunsets on Dec. 31, 2019. This provision contains an emergency clause and will go into effect upon the governor’s signature.
TAXPAYER PROTECTION ACT: This amendment establishes the “Taxpayer Protection Act.” For all tax years beginning on or after Jan. 1, 2020, this bill requires paid tax return preparers, as defined in the bill, to sign any income tax return or claim for refund prepared by such paid tax return preparer and to provide such preparer’s Internal Revenue Service preparer tax identification number. Each failure to sign any income tax return or claim for refund, or to provide a preparer tax identification number, will result in a fine of $50, not to exceed $25,000 per calendar year. The Director of Revenue may file suit to enjoin a paid tax return preparer from engaging in certain actions, as described in the bill (Section 143.980).
Jefferson City and Eldon Damaged by Storm
According to my sources, a tornado of F3 magnitude hit Jefferson City last night. Most of the damage hit East Capitol Avenue, near the old prison. Several buildings were damaged, and debris scattered along the streets. Eldon also received a tornado hit, again causing structural damage around town. Fortunately, no one was killed. You can read more at: http://www.newstribune.com/news/local/story/2019/may/23/emergency-personnel-checking-door--door-crews-urge-displaced-residents-seek-shelter/780055/ ; http://www.newstribune.com/news/local/story/2019/may/23/authorities-still-assessing-damage-after-tornado-sweeps-through-eldon/780057/
THIS MEMORIAL DAY, REMEMBER THOSE WHO GAVE IT ALL FOR YOUR FREEDOM!
It is an honor to serve the 51st District in the Missouri House of Representatives. Each week I will issue a capitol report to keep you informed of activities in Jefferson City. Any concerns or issues you might have are of great interest to me. I look forward to your input and thoughts, so please feel free to contact me at any time if you have questions, concerns, or ideas to improve our state government and the quality of life for all Missourians. My telephone number is 573-751-2204 or you may contact me by email at email@example.com. Thank you for working with me to make Missouri a great place to live.