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This act provides that, for all tax years beginning on or after january 1, 2026, there shall be a flat income tax rate of 4% on all taxable income This proposed legislation aims to streamline the income tax calculation process for married couples and adjust corporate tax rates, potentially impacting both individual taxpayers. This act also provides for additional reductions in.

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Starting january 1, 2026, missouri residents face a new 4.7% income tax. This act provides that, for all tax years beginning on or after the adoption of a constitutional amendment eliminating the income tax, there shall be no individual income tax imposed. Rate starting in 2026, with the potential to reduce the rate to as low as 3.7 percent over 10 years

Among other provisions, hb 798 would set the state income tax to a flat rate of 4.7%, with the ability to eventually reduce it an additional point to 3.7% over the next 10 years.

Another bill, proposed by rep The rate level will be either 4.7% across all incomes,. These changes are designed to gradually reduce tax burdens for individuals and corporations while maintaining state revenue stability. Hb 100 would establish a flat 4% income tax rate

The initial flat tax, which would be implemented january 2026, would slowly phase out until there is no state income tax entirely.