SS SB 1032 — SS/SB 1032 - 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 or adopts 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 substantially similar to SB 371 (2025), SB 1225 (2024), HB 457 (2023) and SB 12 (2022 First Extraordinary Session), and to a provision in SS/SCS/SB 133 (2023), as amended. JOSH NORBERG

5404S02.06SSECOND REGULAR SESSION [PERFECTED] SENATE AMENDMENTSUBSTITUTE NO.FOR SENATE BILLNO.

___1032 Offered103RD byGENERALASSEMBLY OfINTRODUCED AmendBY SS/SenateSENATOR BillMOON. No.

10325404S.02P ,KRISTINAMARTIN, PageSecretary 2ANACT ,Torepealsection143.161,RSMo,andtoenactinlieuthereofonenewsectionrelatingtoanincome Sectiontax 143.161exemption ,for Linecertain 30dependents. , by inserting after "birth" the following:

"orBe adopts";it enacted by the General Assembly of the State of Missouri, as follows:

andSection furtherA. amend line 37 by inserting after "to" the following:

"orSection adopts";143.161, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 143.161, to read as follows:

and143.161. further amend line 40 by inserting after "birth" the following:

"or1. adopts".

For all taxable years beginning after December 31, 1997, a resident may deduct one thousand two hundred dollars for each dependent for whom such resident is entitled to a dependency exemption deduction for federal income tax purposes, provided that the exemption amount as defined under 26 U.S.C.

Section 151 is not zero.

In the case of a dependent who has attained sixty-five years of age on or before the last day of the taxable year, if such dependent resides in the taxpayer's home or the dependent's own home or if such dependent does not receive Medicaid or state funding while residing in a facility licensed pursuant to chapter 198, the taxpayer may deduct an additional one thousand dollars.

2.

For all taxable years beginning on or after January 1, 1999, a resident who qualifies as an unmarried head of SS SB 1032 2 household or as a surviving spouse for federal income tax purposes may deduct an additional one thousand four hundred dollars.

3.

For all taxable years beginning on or after January 1, 2015, for each birth for which a certificate of birth resulting in stillbirth has been issued under section 193.165, a taxpayer may claim the exemption under subsection 1 of this section only in the taxable year in which the stillbirth occurred, if the child otherwise would have been a member of the taxpayer's household.

4.

(1) In addition to the exemptions provided for pursuant to subsections 1 to 3 of this section, for all tax years beginning on or after January 1, 2027, a taxpayer may deduct two thousand four hundred dollars for each child to which a taxpayer gives birth or adopts during the tax year and for which the taxpayer is entitled to a dependency exemption for federal income tax purposes, regardless of whether the exemption amount as defined under 26 U.S.C.

Section 151 is zero.

(2) A deduction authorized pursuant to this subsection shall only be made for the tax year in which the taxpayer gives birth to or adopts a child for which the taxpayer is entitled to the deduction provided in subdivision (1) of this subsection and shall only be made for the child to which the taxpayer gives birth or adopts during the tax year.

(3) A taxpayer shall not be eligible to claim a deduction pursuant to this subsection and subsection 1 or 3 of this section for the same child.

(4) The deduction authorized in this subsection may be claimed either by:

(a) The taxpayer giving birth to or adopting the child;

SS SB 1032 3 (b) The taxpayer's spouse if the taxpayer files married filing jointly;

or (c) Any other taxpayer that is entitled to a dependency exemption for the child for federal income tax purposes, regardless of whether the exemption amount as defined under 26 U.S.C.

Section 151 is zero.