Summary of the Introduced Bill

HB 1065 -- Individual Income Tax Rates

Sponsor:  Sutherland

Beginning January 1, 2007, this bill creates new income tax rates
and brackets.  Currently, the maximum rate is 6% for incomes
greater than $9,000.  Taxable income of less than $3,250 for a
single, head of household, qualifying widow(er), or married
filing separately or $6,500 for married taxpayers filing combined
is not taxable.  The maximum rate of 6% will apply to taxable
incomes greater than $200,000 for couples and $100,000 for a
single taxpayer.

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Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am