Missouri Reduces Top Individual Income Tax Rate

State revenue growth triggers a drop in Missouri’s top individual income tax rate from 5.9% to 5.8% for 2019. This follows a 2018 rate reduction from 6.0% to 5.9%.

Additional Rate Reduction

H.B. 2540 also reduces the top rate an additional 0.4% beginning in 2019. Thus, the top rate is 5.4% for 2019.

Press Release, Missouri Treasurer Eric Schmitt, July 11, 2018

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