Governor Parson Issues Statement Regarding Tax Cut

On September 29, 2022, Governor Parson issued a statement concerning tax cuts for Missourians. Back in August, he called for a special session of Congress to make historic tax cuts for Missourians. Our legislators did convene on September 6, 2022, and have worked diligently on several tax cuts. Here is Parson’s statement.

“We are thrilled that the General Assembly has answered our call to cut Missourians’ taxes and return some of their hard-earned dollars. We called this special session to pass and extend critical support to our agriculture industry and reduce Missourians’ income tax burden, and that’s exactly what we are accomplishing.”

“Today’s action will provide real relief to taxpaying Missourians. Relief that is even more critical now as Missouri families face rising grocery bills, high gas prices, and record inflation. This bill means our administration will have cut Missourians’ income tax rate by almost a full percentage point or a nearly 15 percent decrease. Next week, we look forward to progress being made on the agriculture bill, so we can sign both pieces of legislation into law.”

Earlier today, Governor Parson issued a special message to the legislature that modifies the special session call to include small changes outside the original call but still within the subjects of agriculture and income tax cuts ^[1].

To read the bill in its entirety click here.