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Missourians To Pay Less State Taxes In 2023

All News RSS Feed Politics State News Friday, December 30th, 2022

Missourians will pay less in state taxes in 2023 and some will get a voter-approved wage increase.

The state’s income tax will drop from 5.3% to 4.9% under a measure approved at October’s special session and signed into law by Republican Gov. Mike Parson.

The law also increases the income exempted from state tax to $1,000 from the current rate of $100.

Meanwhile the state’s minimum wage will increase to $12 per hour though the law does not apply to public employers.

All News RSS Feed Politics State News Friday, December 30th, 2022

Reporter KRMS Newsroom