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Six Republicans in the Missouri Senate want to start the debate over whether to eliminate the state income tax with a move to a 4% flat tax. Among the bills filed in advance of the 2025 ...
At first blush, Missouri’s revenue report that charts a 3% decline in overall state general revenue collections in August compared to July should set off alarm bells.
Over the last eight years Republicans have been leading the effort to reduce income taxes in Missouri. In 2017, corporate income tax rates were reduced from 6% to 4.25% and in 2018, Republicans ...
Missouri has passed two large permanent tax cuts, with income tax rate cuts enacted in a special session in 2022, and a bill exempting Social Security benefits from state income tax in 2023.
The state tax on food however, is one percent. [10] (Food is still subject to the Department of Conservation and Department of Natural Resources sales taxes, as well as local sales taxes.) Missouri also imposes a use tax on tangible personal property that is stored, used, or consumed in Missouri but not subject to the sales tax. [11]
The Missouri Department of Revenue is a U.S. state government agency in Missouri created under the Missouri Constitution in 1945, which is responsible for ensuring the proper functioning of state and local government through the collection and distribution of state revenue, and administration of state laws governing driver licensing, and motor vehicle sale and registration. [1]
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