HB 1639 -- Income Tax:  Reduces Individual Tax Rates

Sponsor:  Wright

This bill lowers the tax percentage rates of the 10 income
brackets used in the computation of individual income tax
liability.  The bill lowers the tax percentage of each income
bracket by 0.5%.  The top rate for taxable income over $9,000
will be 5.5% instead of 6%.

The rate reduction will apply to tax years beginning after
January 1, 2002.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am