Bill > HB115

This bill modifies Missouri's income tax exemption provisions by adding a new category of individuals who are exempt from earnings tax. Specifically, the bill introduces an exemption for all low-income taxpayers, defined as individuals with an income at or below 150% of the federal poverty level, for any income they receive as salaries, wages, commissions, and other compensation. The bill amends Section 92.130 of the Revised Statutes of Missouri, which previously listed various types of organizations exempt from earnings tax, such as labor organizations, mutual savings banks, fraternal societies, credit unions, religious and charitable organizations, and others. The new provision aims to provide tax relief for low-income workers by excluding their earnings from municipal earnings taxes. The bill maintains the existing list of tax-exempt organizations and adds this new exemption for low-income individuals, potentially helping those with limited financial resources by reducing their tax burden at the municipal level.

https://house.mo.gov/Bill.aspx?bill=HB115&year=2025&code=R