State and Local News

Governor Parson Signs Income Tax Cut for Missourians

Missouri Governor Mike Parson has signed legislation that his office says will cut the state’s top individual income tax rate from 5.8 to 5.4 percent next year. The Republican signed the bill Thursday. It will take effect on the heels of earlier tax cuts passed by Missouri’s Republican-led Legislature. Additional triggers in the bill would lower the individual tax income rate to 5.1 percent, making Missouri the 14th lowest income tax state in the country.

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