Louis, voted against the tax cut and said he’s upset the House stripped out a measure that would have lowered sales taxes on personal hygiene products, including diapers and tampons. “If you’re a low-bracket income earner, or you’re a fixed-income earner, this tax cut really isn’t going to do much for you at all.
The House passed the Senate’s version Thursday on a 98-32 vote, but not without dissent, even from some lawmakers who supported it.īill Kidd, R-Buckner, voted for the measure but said legislators need to reduce taxes that affect poorer residents, namely property and personal property taxes. Parson vetoed that bill, because he said it did not apply to enough people and was only temporary. The legislature passed a one-time, nonrefundable tax credit earlier this year.
#MISSOURI INCOME TAX BRACKETS 2022 FULL#
“This bill means our administration will have cut Missourians' income tax rate by almost a full percentage point or a nearly 15% decrease,” Parson said in a statement, indicating he would sign the bill. The law also exempts the first $1,000 of taxable income after the standard deduction for all taxpayers, but it does not increase the standard deduction as Parson had requested. Mike Parson.Īn income tax cut was one of two goals Parson cited when calling for the special session currently underway in Jefferson City. The top income tax rate in Missouri will be reduced to 4.95% next year and could go as low as 4.5% under a tax cut bill the state House of Representatives passed Thursday and is sending on to Gov.
0 kommentar(er)
