Parson Signs Income Tax Cuts, Ag Tax Credits Into Law

Parson Signs Income Tax Cuts, Ag Tax Credits Into Law

Parson Signs Income Tax Cuts, Ag Tax Credits Into Law

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(KTTS News) — Governor Parson has signed two bills into law passed during the recent special session of the Missouri Legislature.

The first bill was an extension of tax credit programs for agriculture.

Parson also signed a bill that cuts individual income tax rates from 5.3% to 4.95% next year.

It will phase in additional cuts until the rate hits 4.5%.

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