MO State HS Sports
Missouri Senate photo

Missouri tax break bill advances

 (AP) — Missouri residents who file income taxes would be eligible for a tax break under a Republican proposal advanced Tuesday.

The House Budget Committee approved the measure, which now heads to the House floor for consideration.

The proposal budgets $1 billion for tax breaks equal to what taxpayers owe the state in income taxes. The tax breaks are capped at $500 for individuals or up to $1,000 for married couples filing jointly.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.