Reauthorizes an income tax deduction for certain savings accounts

Summary

The bill keeps the current 100% income‑tax deduction for contributions to a long‑term dignity savings account, raising the sunset date from 2024 to December 31, 2031. It applies to Missouri residents who contribute up to $4,000 (or $8,000 for married couples) and requires an affidavit with the tax return. The measure also clarifies that earnings in the account are tax‑free, but improper withdrawals are added back to taxable income.

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