summary
Introduced
02/16/2021
02/16/2021
In Committee
03/31/2021
03/31/2021
Crossed Over
Passed
Dead
05/14/2021
05/14/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT To repeal sections 143.011, 143.031, and 143.131, RSMo, and to enact in lieu thereof three new sections relating to income tax.
AI Summary
This bill modifies provisions relating to income tax in Missouri. For tax years ending before January 1, 2022, it maintains the existing income tax rates and brackets, with the top rate potentially being reduced over time. However, for tax years beginning on or after January 1, 2022, it establishes a flat income tax rate of 5.4% or the top rate in effect on January 1, 2022, whichever is lower. The bill also increases the standard deduction for tax years beginning on or after January 1, 2022, by $4,000 for single or married filing separately filers and by $8,000 for married filing jointly filers.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Placed Back on Formal Perfection Calendar (on 05/06/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.house.mo.gov/Bill.aspx?bill=HB1139&year=2021&code=R |
| Fiscal Note - 2233H.02C.COR | https://www.house.mo.gov/billtracking/bills211/fiscal/fispdf/2233H.02C.COR.pdf |
| Fiscal Note - 2233H.02C.ORG | https://www.house.mo.gov/billtracking/bills211/fiscal/fispdf/2233H.02C.ORG.pdf |
| Analysis - Summary: Committee | https://www.house.mo.gov/billtracking/bills211/sumpdf/HB1139C.pdf |
| Bill | https://www.house.mo.gov/billtracking/bills211/hlrbillspdf/2233H.02C.pdf |
| Fiscal Note - 2233H.01I.ORG | https://www.house.mo.gov/billtracking/bills211/fiscal/fispdf/2233H.01I.ORG.pdf |
| Analysis - Summary: Introduced | https://www.house.mo.gov/billtracking/bills211/sumpdf/HB1139I.pdf |
| Bill | https://www.house.mo.gov/billtracking/bills211/hlrbillspdf/2233H.01I.pdf |
Loading...