Tax Cuts Pass Missouri General Assembly

(Jefferson City, MO) Missourians will see their income taxes cut after the State General Assembly approved the legislation today to wrap up the special session called by the Governor. In a press release Governor Parson issued the following statement regarding the General Assembly approving income tax cut legislation: "We are thrilled that the General Assembly has answered our call to cut Missourians' taxes and return some of their hard earned dollars. We called this special session to pass and extend critical support to our agriculture industry and reduce Missourians' income tax burden, and that's exactly what we are accomplishing." Parson went on to say, "Today's action will provide real relief to taxpaying Missourians. Relief that is even more critical now as Missouri families face rising grocery bills, high gas prices, and record inflation. This bill means our administration will have cut Missourians' income tax rate by almost a full percentage point or a nearly 15 percent decrease. Next week, we look forward to progress being made on the agriculture bill, so we can sign both pieces of legislation into law." We'll have more on the session with one of our local legislators during the Legislative Report tomorrow morning on KFMO.