Tuition waivers for Mizzou employees may be in jeopardy
The University of Missouri System tuition waivers for employees could be jeopardized under certain versions of the tax overhaul plan being debated in Congress.
During the last academic year, the system provided $5.5 million in tuition discounts to employees and their dependents.
Under certain versions of the tax plan, those benefits would be taxed the same as other income. The changes could cost individuals several hundred dollars in additional taxes.
The tax exemption is eliminated in the U.S. House plan. The exemption is retained in the Senate version scheduled for debate after Thanksgiving.
System President Mun Choi says the university is working to lobby against the discount repeal.