Modifies an income tax deduction for contributions to 529 savings accounts

Summary

The bill repeals the current Missouri tax rule that limits deductions for 529 college‑savings contributions to $8,000 for single filers and $16,000 for joint filers. It would let taxpayers deduct 100% of any amount contributed to a qualified tuition program when calculating state adjusted gross income. This change aims to encourage more saving for education by removing the deduction ceiling.

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