MO HB149

Establishes the "Broad-Based Tax Relief Act of 2013" allowing individual taxpayers to deduct a percentage of business income from Missouri adjusted gross income, phased in from 10% in 2013 to 50% by 2017.

Reduces corporate income tax rates in phases from 6.25% (pre-2013) to 3.125% by 2017, with intermediate rates of 5.625% (2013), 5% (2014), 4.375% (2015), and 3.75% (2016).

Allows shareholders of small corporations and partners in partnerships to claim business income deductions proportional to their ownership share.

Clarifies that fees paid to places of recreation are not subject to state and local sales and use taxes, and that boat and outboard motor rentals are taxed as motor vehicle rentals, not as amusement services.

Sets a 4% sales tax rate uniformly across all taxable items including tangible personal property, admission fees, utilities, telecommunications services, meals, transportation tickets, and equipment rentals.