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SB 641 - Establishes Income Tax Deduction for Agricultural Disaster Aid Payments - Missouri Key Vote

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Title: Establishes Income Tax Deduction for Agricultural Disaster Aid Payments

Vote Smart's Synopsis:

Vote to override a veto of a bill that establishes an income tax deduction for agricultural disaster aid payments.

Highlights:

  • Authorizes the subtraction from adjusted gross income any income received as payment from any program which provides compensation to agricultural producers who have suffered a loss due to an emergency or disasters, including but not limited to (Sec. 2):
    • Livestock Forage Disaster Program;
    • Livestock Indemnity Program;
    • Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish;
    • Emergency Conservation Program;
    • Noninsured Crop Disaster Assistance Program; or
    • Annual Forage Pilot Program.

NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.

See How Your Politicians Voted

Title: Establishes Income Tax Deduction for Agricultural Disaster Aid Payments

Vote Smart's Synopsis:

Vote to override a veto of a bill that establishes an income tax deduction for agricultural disaster aid payments.

Highlights:

  • Authorizes the subtraction from adjusted gross income any income received as payment from any program which provides compensation to agricultural producers who have suffered a loss due to an emergency or disasters, including but not limited to (Sec. 2):
    • Livestock Forage Disaster Program;
    • Livestock Indemnity Program;
    • Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish;
    • Emergency Conservation Program;
    • Noninsured Crop Disaster Assistance Program; or
    • Annual Forage Pilot Program.

NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.

Title: Establishes Income Tax Deduction for Agricultural Disaster Aid Payments

Title: Establishes Income Tax Deduction for Agricultural Disaster Aid Payments

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