Bill > SB1029

This bill phases out the corporate income tax in Missouri. It starts by reducing the corporate income tax rate from 6.25% to 4% for tax years beginning on or after January 1, 2020. Then, beginning in 2025, the tax rate will be reduced by 0.8% each year until there is no corporate income tax starting in 2029. The bill also exempts out-of-state businesses operating under certain sections of the law from the corporate income tax.

Budget and Finance

https://www.senate.mo.gov/24info/BTS_Web/Bill.aspx?SessionType=R&BillID=378