A group advocating for tax cuts, Americans for Prosperity, is holding a rally at the Missouri Capitol in support of House Bill 100, which aims to implement a flat 4% income tax rate across the state. Sponsored by Rep. Bishop Davidson, the bill plans to phase out income tax in Missouri entirely by 2026. Currently, Missouri has a tax rate ranging from 0.5% to 4.8% based on annual income.
If HB 100 is passed, the 4% tax rate would be reduced as revenue grows and the Tax Reform Fund reaches at least $120 million. The House Special Committee on Tax Reform is set to discuss the bill at a hearing in the afternoon.
The rally is set to take place on Tuesday morning, urging lawmakers to consider eliminating state income tax. Supporters believe this change will benefit Missouri residents and encourage economic growth. Stay tuned for updates on this developing story. Join the conversation on ABC 17 News by sharing your thoughts in a respectful and relevant manner.
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