$500 tax credit proposed at Missouri Capitol

(AP) — Missouri residents who file income taxes would be eligible for a $500 tax credit under a new Republican proposal that Democrats panned on Tuesday.

The proposal by the Republican House budget leader would set aside $1 billion in state funding for the tax credits. Married couples filing jointly would get $1,000 under the plan.

Top House Republicans said passing the tax break will be a main priority as lawmakers near their mid-May deadline to finalize legislation.