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MO HB1269

Bill

Official Source

Status

Introduced

1/9/2014

Primary Sponsor

Paul Curtman

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Repeals existing Missouri income tax brackets that ranged from 1.5% to 6% based on income levels and replaces them with a flat tax structure for taxable years beginning on or after January 1, 2015
  • Eliminates all income tax on Missouri taxable income at or below 106% of the official poverty line for that taxable year
  • Imposes a flat 6% tax rate on all Missouri taxable income above 106% of the official poverty line
  • Maintains existing tax brackets and rates for all taxable years beginning before January 1, 2015

Legislative Description

Eliminates the various individual income tax rate brackets and imposes a tax rate of 6% on Missouri taxable income greater than 106% of the official poverty line for the taxable year

Last Action

HCS Voted Do Pass (H)

3/11/2014

Committee Referrals

Ways And Means1/16/2014

Full Bill Text

No bill text available