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SCS/SBs 93 & 135 - Current law imposes a tax on the Missouri taxable income of corporations at a rate of 4%. Beginning with the 2024 calendar year, this act reduces such rate of tax by 0.5% per year until the tax imposed on the Missouri taxable income of corporations reaches 2% beginning with the 2027 tax year. This act is similar to SB 701 (2022) , SB 393 (2021), and HB 2239 (2020), and to a provision in SB 18 (2022 First Extraordinary Session). JOSH NORBERG
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