SB 382 Changes the rates of tax on personal and corporate income
Sponsor: Kraus
LR Number: 1853S.01I Fiscal Note not available
Committee: Ways and Means
Last Action: 2/28/2013 - Second Read and Referred S Ways and Means Committee Journal Page: S401
Title: Calendar Position:
Effective Date: January 1, 2014

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Current Bill Summary

SB 382 - The act modifies the individual income tax rate table, so that all income over $7,000 will be taxed at the rate of five percent effective January 1, 2014.

This act reduces the corporate income tax rate from its current six and one-fourth percent of Missouri taxable income to five and one-fourth percent effective January 1, 2014.