Missouri tax and infrastructure plan passes house chamber

| April 19, 2018
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JEFFERSON CITY, MO – The Missouri House gave final approval to a tax reform and infrastructure bill.

The legislation would cut the highest personal income tax rate from 5.9 to 5.0 percent, and the corporate tax rate from 6.25 to 5 percent. The reductions would place Missouri in the top 10 states for lowest corporate rates.

The bill’s sponsors say the effort to generate almost $2 billion in funding for transportation infrastructure over the next decade is also included in the bill. It would be paid in part by indexing vehicle user fees. Glen Kolkmeyer of Wellington says that idea was recommended by House Policy Development, and the 21st Century Missouri Transportation System Task Force.

The bill would have to be approved by Missouri Senators, who are working on their own version of the legislation.

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Category: Local News, News, State News

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