Missouri Lawmakers Advance 4.7% Income Tax Repeal to Voters
Updated
Updated · Americans for Tax Reform · May 11
Missouri Lawmakers Advance 4.7% Income Tax Repeal to Voters
5 articles · Updated · Americans for Tax Reform · May 11
Missouri’s House and Senate approved HCR 173/174, sending a constitutional amendment to the ballot that would phase out and permanently bar the state’s 4.7% personal income tax.
The measure requires surplus state revenue to fund automatic rate cuts until the tax reaches zero, and supporters say that would make Missouri the ninth state with no personal income tax.
The proposal also ties certain local revenue growth to property-tax relief and says public-school funding cannot be reduced, addressing a central criticism from opponents.
Voters could see the amendment as soon as the August or November election, capping a push backed by Governor Mike Kehoe and building on Missouri’s rate cuts from 6.0% in 2014.
Will Missouri's plan to scrap its income tax actually result in a higher tax bill for most families?
As Missouri eyes zero income tax, could it be following Kansas toward a budget and education crisis?