SB 823 - Current law imposes a tax on the Missouri taxable income of corporations at a rate of 4%. Beginning with the 2025 calendar year, this act reduces such rate of tax to 3.75%. Beginning with the 2026 calendar year, this act allows for three additional potential 0.5% reductions, for an eventual rate of 2.25%. Such additional reductions shall only occur if the amount of corporate income tax revenue collections for the immediately preceding fiscal year exceeds the highest amount of corporate income tax revenue collections from any fiscal year prior to the immediately preceding fiscal year by at least $50 million. This act is identical to SS/SCS/SBs 93 & 135 (2023) and is similar to SB 1029 (2024), HB 2274 (2024), HB 1131 (2023), SB 701 (2022) , SB 393 (2021), and HB 2239 (2020), and to a provision in HCS/SS/SB 23 (2023), HCS/SS#3/SCS/SB 131 (2023), HCS/SS/SCS/SB 133 (2023), HCS/SS/SB 143 (2023), SCS/HCS#2/HB 713 (2023), HCS/HBs 816 & 660 (2023), and SB 18 (2022 First Extraordinary Session). JOSH NORBERG