COLUMBIA, Mo. (AP) — Missouri residents who file income taxes would be eligible for up to a $500 tax credit under a new Republican proposal.
The House Budget Committee held a hearing on the measure Wednesday. The Republican House budget leader’s bill would set aside $1 billion in state funding for the tax credits.
Married couples filing jointly would get up to $1,000 under the plan.
Democrats had proposed setting aside $100 million to give one-time $1,000 checks to poor families who have struggled with housing or food insecurity. The Republican-led House voted that measure down.
COPYRIGHT 2022 BY KOAM NEWS NOW. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.